Mql5官网 Fibonacci Waves 外汇EA

Fibonacci Ratio is useful to measure the target of a wave’s move within an Elliott Wave structure. Different waves in an Elliott Wave structure
relates to one another with Fibonacci Ratio. For example, in impulse wave: • Wave 2 is typically 50%, 61.8%, 76.4%, or 85.4% of wave 1.

Fibonacci Waves could be used by traders to determine areas where they will wish to take profits in the next leg of an Up or Down trend.