Archive for July 4th, 2006

Step 2 Afterwards, we move the following fields-data to a new table: minor rally number, start price, end price, duration (in hours), and the distance in basic points or pips. Then, we move the major trend direction to the new table, came up from the application of the Zigzag Oscillator to the major period under study. After the legs of the ZigZag were found (bullish and bearish rallies), we apply the Fibo’s ratios at any leg (“zig” or “zag”) that coincide with the major trend (In this case,

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Part V: Using Fibonacci to determinate market goals