3 Powerful Fibonacci Trading Strategies (Technical Analysis Secrets)

What is Fibonacci Trading? 4 Powerful Fibonacci Tools & Strategies
https://successacademycourses.com/what-is-fibonacci-trading-4-powerful-fibonacci-tools-strategies/

Introduction: 0:00-0:16
Disclaimer: 0:16-0:20
What is Fibonacci?: 0:20-0:52
Placing the Retracement Tool: 0:52-1:41
Percentages and Meanings: 1:41-3:35
MACD Trading Strategy: 3:35-5:14
Golden Ratio Retreat Strategy: 5:14-6:08
Moving Averages Strategy: 6:08

The sequence goes as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, and so on, with every number after the first 2 being the sum of the 2 preceding numbers.

In trading, a retracement calculator creates Fibonacci Lines which are used as support and resistance price levels on the chart. The most focused on levels are the .5 and the .618 levels because they are often strong areas of support and resistance. So, if a stock were to cross one of those, it would probably change the trader’s outlook on the stock. This begs the question, how do traders use the Fibonacci sequence on a chart?

Get a FREE Beginners Stock Market Course: https://successacademycourses.com/free-course-sign-up/