Dow Theory, Elliott Wave & the Golden Ratio Phi – What do they have in common?
by WaveTrack International| March 9, 2016 | No Comments
The latest edition of the TradersWorld Magazine is hot of the press! The renown publication is again a gold mine of interesting articles, trends and trading ideas. Download your own free copy now. Click here!
On page 86 you find WaveTrack’s new article entitled ‘Dow Theory, Elliott Wave & the Golden Ratio Phi‘. It examines a lesser known aspect of Ralph Nelson Elliott’s study of Dow Theory and it principles and clearly outlines the essential tenets distilled in this process.
Dow’s Divergence Principle is explained in its historcial context as well as illustrated on the basis of the DJ Transportation Average chart. And finally, Peter Goodburn adds a new tenet to the process ‘Fibonacci-Price-Ratios’ as the perfect complement to examine patterns in a smaller time frame. Read the full article here: TradersWorld Issue #62
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