3StocksOnFire — US Stock Trading Community · 451+ trades · 257% returns · 15,000 members · Main Site · Trader's Guide · Articles · Video Analyses
3 Stocks On Fire
3StocksOnFire Community Forum
Home Message Boards Trader's Guide Articles Video Analysis About Us Search Register

How effective is Fibonacci Retracement tool while doing Technical Analysis of...

Started by satokenta, June 17, 2010, 08:09:10 PM

Previous topic - Next topic
Print
Go Down Pages1
User actions

satokenta

June 17, 2010, 08:09:10 PM
How effective is Fibonacci Retracement tool while doing Technical Analysis of shares and stocks?

If in a given rally, there is a retracement which touches 0.382 level or 0.5 level and bounces back the share prices are supposed to go up further and if it breaks the 0.5 level the trend is supposed to have reversed. These are the basic rules of Fibonacci Retracement applied to Technical Analysis of Shares and Stocks.
Print
Go Up Pages1
User actions