Home > Articles > Volume 20 (2002) > Chapter 5 (May 2002) > V. 20:5 (46-50): Projected Fibonacci Targets by Mohab Nabil

V. 20:5 (46-50): Projected Fibonacci Targets by Mohab Nabil

V. 20:5 (46-50): Projected Fibonacci Targets by Mohab Nabil
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Projected Fibonacci Targets by Mohab Nabil

Here’s a new technique for determining price targets after a breakout from a previous price swing.

Fibonacci analysis, which is employed by practitioners of various sciences such as astronomy, mathematics, and architecture, also has a role in projecting price targets of financial securities. After working with Fibonacci ratiosÝ for several years, I developed a new technique for determining price targets after a breakout (up or down) from previous price swings, which I call projected Fibonacci targets (PFT).




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