Applied Technical Analysis for Advanced Learners and Practitioners by Ramlall Indranarain;

Author:Ramlall, Indranarain;
Language: eng
Format: epub
Publisher: Emerald Publishing Limited
Published: 2016-11-16T00:00:00+00:00

Figure 7.4: Kondratieff Waves in the United States. Source: Author’s illustration. Adapted from http://www.financialsense.com/contributors/christopher-quigley/kondratieff-waves-and-the-greater-depression-of-2013-2020

Samuel Benner found that the highs of business are likely to cling to a repeating 8-9-10 yearly pattern. These numbers do not deviate from the Fibonacci sequences, that is, 8 + 9 + 10 = 27; 27 + 8 = 35; 35 + 9 = 43; 43 + 10 = 53. Figure 7.5 shows EWT under the Fibonacci retracement.

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