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Never Miss an Opportunity with Fibonacci Retracements
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There are two primary ways to use Fibonacci analysis in trading. One is to identify or confirm support or resistance levels, and the other is to help identify price targets. Often, a trader will look at a market and realize that when they were not paying attention, a significant level of support or resistance was broken, and the market has already moved significantly. Fibonacci analysis can be very helpful in this situation.
If you ask any technical trader which charting tool they rely on the most, Fibonacci retracement would probably come high up on the list.
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.
If you ask any technical trader which charting tool they rely on the most, Fibonacci retracement would probably come high up on the list.
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was award the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.