If you manage your own portfolio of investments, Fibonacci analysis of price support, resistance and retracement levels is a vital tool to learn. Most interactive charting apps have an auto draw tool. The simple underlying math (addition, subtraction, division) can be applied to most natural systems.
Until I get this section built, go to the link below and discover the universal power of application. Good reading and fascinating!
http://www.investopedia.com/articles/technical/04/033104.asp
Under construction. More coming soon.
Showing posts with label retracement. Show all posts
Showing posts with label retracement. Show all posts
12.02.2007
Fibonacci Levels. Visual Chart Example.
Posted by
Michael
at
2:31 PM
Labels: fibonacci, retracement, support
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