How to use fibonacci retracement PDF ( to predict forex market)- In the material below I have tried to explain how can be used Fibonacci Retracement as an important tool to predict forex market. In this article I have included some graphic formats such as Fibonacci arcs, fan, channel, expansion, wich are created also with Fibonacci retracement and also rules to perfect chart plotting. I have analyzed some examples of Fibonacci retracements pattern in a downtrend and in an uptrend. In this article I have used and combine material from different sources
trying to create a start point for those one of you that are interested.
Category: Forex
Author: Violeta Gaucan, Titu Maiorescu University, Bucharest, Romania
Language: English
Download link: At the end of the post
Introduction- How to use fibonacci retracement PDF
Abstract
In the material below I have tried to explain how can be used Fibonacci Retracement as an important tool to predict forex market. In this article I have included some graphic formats such as Fibonacci arcs, fan, channel, expansion, wich are created also with Fibonacci retracement and also rules to perfect chart plotting. I have analyzed some examples of Fibonacci retracements pattern in a downtrend and in an uptrend. In this article I have used and combine material from different sources trying to create a start point for those one of you that are interested.
Keywords: Fibonacci ratios, downtrend, uptrend, suport and resistance levels
“Fib numbers” (as they are often referred to) also appear in many aspects of nature such as the arrangement of leaves on a stem and the branching of trees. Some day traders, swing traders and investors therefore say that the nature of the financial markets also manifest themselves in the structure of Fibonacci numbers.
Now the big question: Do Fibonacci numbers have a dramatic influence on the financial markets? Should you use Fibonacci trading in your trading system to help with your stock market analysis? Therefore Fib numbers are indeed significant in trading if for no other reason than they become a self-fulfilling prophecy through their
use by a massive number of Fibonacci Forex, stock and futures traders. And those numbers can be used to calculate Fibonacci retracement levels. How? we will find together in the material below.
About the author
Violeta Gaucan, Titu Maiorescu University, Bucharest, Romania
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