Timing The Bond Market With Elliott And Fibonacci by Roger Farley
ARTICLE SYNOPSIS ...Timing The Bond Market With Elliott And Fibonacci by Roger Farley
Fibonacci ratio analysis offers the Treasury bond trader an excellent long-term picture of the market. A rudimentary understanding of the Elliott wave theory and Fibonacci retracements allows bond traders of any outlook an excellent projection of market objectives and turning points.
Obviously, this approach relies on maintaining a proper wave count. Technicians who have developed a reliance on other trading tools often shy away from the Elliott wave because of the subtleties involved in interpreting corrections. As with any o...