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Advanced Fibonacci J Elliot 0 Option Course

This document provides information about an advanced course on Fibonacci analysis, Elliott wave theory, and options trading taking place on specified dates in October 2019. The course will cover advanced concepts in Fibonacci retracements and projections, using Fibonacci ratios to identify trend changes, and applying Fibonacci and Elliott wave principles to intraday, monthly, and yearly timeframes. It will also discuss contracting and expanding triangles in Elliott wave analysis, WXY patterns, and how to simplify wave analysis using Excel. Specific application examples are provided.

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gopala krishnan
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421 views17 pages

Advanced Fibonacci J Elliot 0 Option Course

This document provides information about an advanced course on Fibonacci analysis, Elliott wave theory, and options trading taking place on specified dates in October 2019. The course will cover advanced concepts in Fibonacci retracements and projections, using Fibonacci ratios to identify trend changes, and applying Fibonacci and Elliott wave principles to intraday, monthly, and yearly timeframes. It will also discuss contracting and expanding triangles in Elliott wave analysis, WXY patterns, and how to simplify wave analysis using Excel. Specific application examples are provided.

Uploaded by

gopala krishnan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Advanced Fibonacci,

Elliot & Option course


DATE: 5 TH SAT, 6 TH SUN, 12 TH SAT, 13 TH SUN OCTOBER 2019.
TIME: 9:00 A.M. TO 10:00 A.M.(ENGLISH)
TIME: 11:00 A.M. TO 12:00 P.M.(HINDI)
5 Advance Fibonacci concept
A. Difference between Fibonacci Retracement and Fibonacci Growth retracement.

B. Difference between Fibonacci retracement and Fibonacci Parallel projection.

C. How to use Fibonacci ratio with daily, monthly and yearly volatility?

D. Finding the Expected top, expected bottom and TREND change date using Fibonacci.

E. Use of Fibonacci Fan line in intraday trade.

F. How to use the Fibonacci ratios with the help of Excel sheet.
Understanding Fibonacci Ratio.
Retracement ratio 0.236, 0.382, 0.5, 0.618, 0.786, 0.888, 1

Growth Ratios 1.236,1.272, 1.618, 2,2.618,4.236

Parallel projection : 0.236, 0.382, 0.5, 0.618

Fibonacci Fan line ratio : 0.382,0.5,0.618

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Trend change date using Fibonacci principle
Calculation :

1.Time between High and Low .

2.Weekly Volatility using that data.

3.Price range Ref Low

4.Add price range to low .

5.No of trading days between low & ( Low + price range) compare with high or vice versa

6. Trading days X 0.618, Trading days X 1, Trading days X 1.236, Trading days X 1.618.

Trend reversal days

7. Low formation day + Trading days X 0.618, Low formation day + Trading days X 1.236, Low formation day + Trading
days X 1.618.

8. High formation day + Trading days X 0.618, High formation day + Trading days X 1.236, High formation day +
Trading days X 1.618.

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Trend change date using Fibonacci
Example.
1. Nifty July month low 11072.65 on 30th . High on 11982 on 5th JULY 2019.

2. Using the data from 5th to 30th July weekly volatility 1.93 %, price range 214.25( low X weekly
volatility).

3. Subtract price range from high = 11982-214 =11768, comparing it with days high from 5th July
we find 8th July the nifty crossed below 11768

Days between 5th to 8th July 4.

4. 4X0.618=2.47, 4*1= 4, 4*1.236= 4.99, 4*1.618=6.47.

5. Add 2,4,5 ,6 in 30th July you will get 1st aug,3rd Aug, 4th Aug, 5th aug as trend change date

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Use of Fibonacci Ratio for Intraday trend
Identification
Reference price will be either Previous close or Current day open or Current day current
price.

Price Range must be taken from Daily volatility

Retracement ratios will be use

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Monthly or Quarterly : Use of Fibonacci
Ratio for Investment decision
Take the high formation day and low formation day.

Calculate the volatility using the closing data from high formation day to low formation day.

Calculate monthly price range from last data.

Take 1/3 of Price range considering the 3 cycles of trend continuation

Calculate resistance from monthly closing ,Buy Above 0.382 resistance cross over or sell
below 0.382 support level .

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Use of Fibonacci Fan line in intraday trade

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Fibonacci Fan line in intraday trade

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Fibonacci Fan line in Arithmetic way
Take Hourly candle High and low or Days high and low

Price Range = High-Low

Calculate 0.382,0.5, 0.618 retracement

Add retracement prices to the low to get the resistances and sub tract from the High to get
supports.

Enter buy trade after price crossover 0.618 resistance and enter sell trade once price fall
below 0.618 support levels.

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II. 4 Advance Elliot concepts

A. How to use Elliot Impulsive pattern.

B. How to use Corrective pattern.

C. Contracting and Expanding triangle in Elliot wave and how to use them in trading.

D. WXY pattern and how to trade using this pattern.

E. Fibonacci Ratio and Elliot wave relation and how to use the Wave analysis in most simplified
way with the help of an EXCEL sheet.
How to use Elliot Impulsive pattern.

Wave 1: This is the 1st wave of the impulsive cycle and it will be 0.382 % retracement of the prior
swing.

Wave 2: This is 0.618 retracement of the wave-1.

Wave 3: This is 1.272 retracement of the wave 1 and has the capacity to extend till the 1.618
retracement of wave 1. Some experts even say it will expand till 2 retracement of wave 1.

Wave 4: This is 0.618% retracement of wave 3

Wave 5: This is the most critical wave in this sequence as per the definition it will have same length of
wave 1 and initial expansion of this wave expand till 1.618 retracement of wave 1. This wave too has a
secondary expansion which is 1.618 retracement of wave 3.
Impulsive wave

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How to use Corrective pattern ?
Corrective wave sequence A-B-C has following Fibonacci rule

Wave –A this is 0.618 retracement of the prior wave it must be against the prior trend.

Wave –B this is 0.618 retracement of wave – A and may expand till 1.272 retracement of
the wave –A

Wave C = either 1.618 of Wave A or 2.618 x Wave A


Contracting
Triangle
Expanding Triangle
WXY pattern

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