CONSTANCE BROWN (CMT) founded Aerodynamic Investments Inc. after working for more than twenty years as an institutional trader in New York. She is an active trader and frequently advises financial institutions and banks around the world.

Brown's second book, Technical Analysis for the Trading Professional, was selected by the Market Technicians Association as required reading to prepare for CMT Level 3, the final examination that awards professionals the industry's Chartered Market Technician accreditation. She is also a member of the American Association of Professional Technical Analysts. Brown has written seven books and is the editor of Market Technicians Association's Journal of Technical Analysis. She lives in South Carolina.

List of Illustrations ix

Acknowledgments xiii

Introduction xv

1 The Mystery of Phi (1.618) and phi (0.618) 1

2 The Concept of Market Expansion and Contraction 15

3 Support, Resistance, and Price Projections 43

4 Bridging the Gap Between the Nautilus Shell and a Market Chart 61

5 Fibonacci Channels, Angles, and Cycles with Oscillators 77

6 Fibonacci Expansion Targets and Confluence in Time 105

7 Rhythmic Wave Diagrams 137

8 Harmonic Unity Within Market Price and Time 143

Appendix A 163

Appendix B: Common Errors 165

Selected Bibliography 171

Index 177