fairfolio
Saved Projects

The Fibonacci Theory: The Key to Success in the Stock Market

CSEF · 2002 Mathematics & Software

Nimi Katragadda · Tevis Junior High School, Bakersfield

Overview

Objectives/Goals The object of this project was to find if the Fibonaccit Theory combined with the Elliot Wave Theory could accurately be applied in the stock market. Methods/Materials The materials used for this project included previous stock charts and knowledge of the Fibonacci sequence and Elliot Wave Theory. I researched information on this theory and concluded a method of concluding predictions. By using this method and multiplying with the Fibonacci Golden Ratio of 1.618 I was able to find the hypothesized price target. Results I found that in over 90% of cases the Fibonacci theory could be used to predict retracement levels for individual stocks. Conclusions/Discussion The Fibonacci sequence combined with the Elliot Wave Theory can be very helpful in predictions. However, mistakes are easy to make, so precision must be used.

Summary statement

My project is about the use of the Fibonacci number series in the stock market.

Help received

Dad helped me research.

Competition history

  • CSEF 2002 Mathematics & Software · Entry J1213

Resources

Related projects

Closest projects by meaning, across every fair and year in the corpus.

Browse more like this

Source: California Science & Engineering Fair public projects

Save projects to your library

Sign in with Google to keep track of projects you find interesting, organized into folders. An account also raises your daily allowance for “Has this been done?”, and lets you create a key for the MCP server with a much higher limit than anonymous use. Browsing stays public.

Continue with Google