Senior Analyst Jeffrey Kennedy shares techniques that helped spot a trading opportunity.
By Elliott Wave International
If you use Elliott in your technical analysis, you may already use Fibonacci ratios to determine targets and retracement levels in your charts.
But have you heard of "Fibonacci Clusters?"
Elliott Wave Junctures editor Jeffrey Kennedy shares
his charts to illustrate this technique, which he recently
used to identify a critical turning point in Gold. The following
lesson is adapted from his March 26 video. Get more lessons
from Jeffrey in the free report, 6 Lessons to Help
You Spot Trading Opportunities in Any Market. Continue reading "How a Fibonacci Cluster Showed an Important Resistance Level in Gold"