Fibonacci Retracement: Simplified by Sankar Srinivasan

Fibonacci Retracement: Simplified

bySankar Srinivasan

Kobo ebook | March 4, 2015

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Ideal tool for your successful commodity, currency and futures trading

The Fibonacci Retracement is probably the most heavily used Fibonacci tool in the toolset. You will find Fibonacci Retracements as a solid tool in identifying key support and resistance areas.

If prices have fallen from a recent swing high down to a swing low, the expectation is that price should retrace distance, high to low, by a ratio of the Fibonacci sequence.

In this book, I will show you examples of how potential opportunities when price retraces on and beyond 100% by following another set of Fibonacci ratios:

• 61.8
• 100%
• 161.8%

I use the other primarily as confirmation levels. So let’s take a look at some examples of Fibonacci Retracements in use.

Title:Fibonacci Retracement: SimplifiedFormat:Kobo ebookPublished:March 4, 2015Publisher:Sankar SrinivasanLanguage:English

The following ISBNs are associated with this title: