Fibonacci analysis in the forex and stock markets is an important technique for trading, although it is difficult to find scientific references to its usage. But, indeed, we often find that the price reaction around the Fibonacci ratio is not only profitable, but the key to a successful transaction. At the same time, understanding Fibonacci analysis opens the knowledge gate for harmonic patterns, Elliott waves, X3 chart patterns, and other price patterns.
Fibonacci analysis is a popular tool among technical traders. It is based on the Fibonacci sequence identified by the Italian mathematician Leonardo Fibonacci in the 13th century. The Fibonacci sequence is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181, 6765, …………………… As the Fibonacci number increases, a certain relationship is established between adjacent numbers. This relationship converges to a golden ratio of 0.618 (or 1.618).
Fibonacci analysis is the key to a successful transaction, but there are no books or articles that actually identify the science behind Fibonacci analysis. Books: Science Of Support, Resistance, Fibonacci Analysis, Harmonic Pattern, Elliott Wave, and X3 Chart Pattern (In Forex and Stock Market Trading) are just books dedicated to this topic. This book tells you the secret story of Fibonacci analysis, which is a valuable wisdom for forex and stock market trading.
Understanding the principles of science will always help you go further than any other trader. This book shows Fibonacci retracement in the price dimension and Fibonacci retracement in the time dimension. Use the Fibonacci retracement graph to find out how to combine turning point probabilities with Fibonacci retracement in the price dimension and Fibonacci retracement in the time dimension.
This book can be found at all major book distributors around the world. Use the links below to choose the best book distributor, including Amazon.com, Google Play Book, scribd.com, Apple Book and more.
Fibonacci-Probability graphs are only available from MetaTrader 4 and MetaTrader 5 fractal pattern scanners. It can be used to identify turning points and breakout opportunities. Below is the landing page for the MetaTrader version of the Fractal Pattern Scanner.
Science of Fibonacci Analysis in Forex and Stock Markets-Trading Systems-July 28, 2021
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