Tags Posts tagged with "Fibonacci"

Fibonacci

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Does Fibonacci retracement actually live up to its repuation as a predictive tool? Take a look at the following results and make up your mind.

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Fibonacci fan is primarily a tool for analysing trends. The most basic use of Fibonacci fan is to mark out lines of support and resistance within a trend channel.

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Pivots are a tool often used by range traders and day traders to work out likely reversal points based on the previous day’s price activity. The beauty of pivots is their simplicity.

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Fibonacci series and the Golden Ratio are two phrases you’ve most likely heard about before. How are they used in trading, and how can you profit from them?