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IntroductionI'm going to give an idea of more detail of fibonacci number that can be used as expanding pivot lines or use it as an expanding AB=CD pattern. Your Titlenew fibanacci number-expanding AB=CD pattern-expanding pivot lines all trader know about fibonacci number such as this: 1,1,2,3,5,8,13,21,34,55,89,144,233,377,610,987,….
a few of them know about 0.786 and 1.272 0, 0.236, 0.382 , 0.5 , 0.618 , 0.764 , 0.786 , 1 , 1.27 , 1.618 ,2.058 ,3.33 , 4.236 ,5.388 ,6.854,…. 0, 23.6% , 38.2% , 50% , 61.8 %, 76.4 % , 78.6% , 100% , 127% , 161.8%, 205.8% , 330% , 423.6% , 538.8% , 685.4 %,… but there is n't any book or article or application about 2.058 - 3.330 - 5.388 - 6.854 - 8.718 or more i calculate them as bellow:
AB=CD pattern Conclusionwe can see more levels for trading or forecasting(long term) or use it for expanding AB=CD pattern.i think that it is new article but i will be happy to see your idea
2008.05.26 14:58 fx9045
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