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Article
A computational exploration of the efficacy of Fibonacci Sequences in Technical analysis and trading
Bond Business School Publications
  • Sukanto Bhattacharya
  • Kuldeep Kumar, Bond University
Date of this Version
5-1-2006
Document Type
Journal Article
Publication Details

Bhattacharya, Sukanto and Kumar, Kuldeep (2006) A computational exploration of the efficacy of Fibonacci sequences in technical analysis and trading is published in the Annal of Economics and Finance, Volume 7, Issue 1, May 2006, pp. 219-230.
This freely accessible copy is provided courtesy of Annals of Economics and Finance

2006 HERDC submission

Abstract

Among the vast assemblage of technical analysis tools, the ones based on Fibonacci recurrences in asset prices are relatively more scientific. In this paper, we review some of the popular technical analysis methodologies based on Fibonacci sequences and also advance a theoretical rationale as to why security prices may be seen to follow such sequences. We also analyze market data for an indicative empirical validation of the efficacy or otherwise of such sequences in predicting critical security price retracements that may be useful in constructing automated trading systems. © 2006 Peking University Press

Citation Information
Sukanto Bhattacharya and Kuldeep Kumar. "A computational exploration of the efficacy of Fibonacci Sequences in Technical analysis and trading" (2006)
Available at: http://works.bepress.com/kuldeep_kumar/1/