Fibonacci Trading: How to Master the Time and Price Advantage by Boroden Carolyn

Author:Boroden, Carolyn [Boroden, Carolyn]
Language: eng
Format: epub
Publisher: McGraw-Hill Education
Published: 2008-03-16T16:00:00+00:00

FIGURE 10- 5

prior high to high and then project the cycles forward from a swing low in between these two highs.

The time relationships projected using three points that I use most often are the following:

Low to high projected from another low (comparing swings in the same direction)

High to low projected from another high (comparing swings in the same direction)

High to high projected from an intervening low

Low to low projected from an intervening high

For these time projections from three points, I primarily use the ratios 1.0, 1.272, and 1.618. I sometimes use .618 as a confirming ratio here.

Comparing swings in the same direction in time using the 1.0 projection will show you where there is symmetry in time. I especially like to run the 100 percent time projections of prior corrective swings to help the trader to enter the market in the direction of the trend. As with symmetry projections on the price axis of the market, we will often see corrective moves terminate at points where there is symmetry in time with some prior corrective move.

Figure 10-6 shows the setup of the time projection tool using three points in the Dynamic Trader software.

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