Fibonacci Levels

[Dharmik Team 10]

What are Fibonacci levels?

 

In this article we will discuss about a widespread, well-known key element of technical analysis. Why do you think technical analysis especially some elements work so well for financial markets? Why do you think Fibonacci levels are usually strictly followed? Because thousands and billions of traders and computer programs for trading use these elements. This way everybody acts the same at the same time…

This is why we decided to present in the category of technical analysis, the most used and well-known methods of predicting financial evolution. These methods are easy to understand and are very efficient.

We will discuss about Fibonacci levels. We will find out what Fibonacci levels are and how they are calculated. We will use them in our charts and we will see how they act. We will discover how useful Fibonacci levels are and, at the end, we will draw the conclusions. We will use Fibonacci levels daily in our analyzing and trading system.

 

Read full article at http://bit.ly/fsL82U

Edited June 7, 2011 by MadMarketScientist
removed url

[SIUYA 11]

What are Fibonacci levels?

 

In this article we will discuss about a widespread, well-known key element of technical analysis. Why do you think technical analysis especially some elements work so well for financial markets? Why do you think Fibonacci levels are usually strictly followed? Because thousands and billions of traders and computer programs for trading use these elements. This way everybody acts the same at the same time…

This is why we decided to present in the category of technical analysis, the most used and well-known methods of predicting financial evolution. These methods are easy to understand and are very efficient.

We will discuss about Fibonacci levels. We will find out what Fibonacci levels are and how they are calculated. We will use them in our charts and we will see how they act. We will discover how useful Fibonacci levels are and, at the end, we will draw the conclusions. We will use Fibonacci levels daily in our analyzing and trading system.

 

Read full article at http://bit.ly/fsL82U

 

Sorry as I am in skeptical mood this morning.....

Fibonacci levels have been used well before computers

billions of traders - you are kidding right...sounds like an internet company trying to raise funds.

"at the end, we will draw the conclusions"............sounds like you already have

[forexfilms 10]

Fibonacci levels are very important but just like everything else in trading they are not fool proof. For example:

 

-Not everyone places the same importance on one fibonacci level as others (such as some like 38.2% the best while others look for 50%).

-Not everyone draws the fibonacci retracements in the same place so different level have different people supporting them.

-Many times the reversal doesn't come at the fibonacci level but very close to it or between two important fibonacci levels.

[pbylina 10]

Fibonacci clusters are better then just one.