the truth about fibonacci trading 2 the truth about fibonacci trading the truth about fibonacci levels is that they are useful like all trading indicators they do not work as ...
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...The truth about fibonacci trading levels is that they are useful like all indicators do not work as a standalone system of and certainly holy grail but can be very effective component your strategy who how he help you with leonardo was great italian mathematician lived in thirteenth century first observed certain ratios number series regarded describing natural proportions things universe including price data arise from following this numbers derived by starting followed then adding to get third fourth so on dividing any next higher after ratio always it if divide preceding these referred golden mean additional were create sets follows profits run inc rev retracement extension set used possible support resistance reason we have expectation traders over world watching placing buy sell orders at which becomes self fulfilling second profit taking again take most good software packages include both order apply charts necessary identify swing highs lows high short term bar least two lower l...