Lesson 6 of 8
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Fibonacci Time

·  Timing in trading is extremely crucial.

·  Fibonacci time allows to estimate a correction duration given an impulse.

·  Fibonacci time is very useful with Elliot Waves and Harmonic patterns.

·  If a correction happens too quick in comparison to the preceding impulse, it’s likely to mean that is only the first part of a bigger correction and there is still more to come

·  Can be used on any given TF, works the best on 4H + tho

·  Correction usually lasts 1:1. E.g 10 days dump = 10 days pump.