November 23 is Fibonacci Day!

Today, 23 November, is Fibonacci Day. I am no longer excited about any day being named after someone or something. Almost every day of the year has been taken for this purpose 🙂 Yet, Fibonacci is someone special for people who deal with the Golden Ratio and Elliott Wave Analysis. Hence the call out!

Meanwhile, it is heartening that India’s Nifty Index has rallied by 693 points from its 21 November low of 23263. As far back as 4 November, I sent this to some members of WaveTimes the following chart. My approach (which is taught in my online course “How to PROFIT with Elliott Waves”) is to look for those sweet spots when we can make at least 3x of what we risk.