The hidden harmonic symmetry into the Elliott Wave pattern!
by m.tamosauskas| December 7, 2015 | 9 Comments
As we continue to update the myriad of different contracts within our ever-expanding portfolio in preparation for the release of annual 2016 forecasts, one new ETF has caught our attention. It is the ETF for the Eurostoxx 50 index and trades under the symbol FEZ. It has grossly underperformed the underlying index as all ETF’s do within a persistent declining phase because of the latent roll-overs etc. But somehow, this one has retained its near-perfect Elliott Wave structure and geometric Fib-Price-Ratio dimensions.
We would like to encourage you to train your eye spotting these powerful Fib-Price-Ratio and in this post we will leave annotations separate from the chart. Take a time and find most common Fibonacci ratios within a double zig zag pattern. We will update this chart during the next few days!
Tags: FEZ