9 months ago

Visit https://www.ascencore.com/ for more on helpful resources for stocks, currencies, futures and commodities markets.
This is a tutorial explaining how to use the Fibonacci Retracement Tool.
• Learn how to properly draw Fibonacci Retracements that are effective and reliable.
• Concepts will be explained from basic features to advanced characteristics.
• Concepts will be demonstrated through dozens of real chart examples. A good number of examples go over the step by step process of using Fibonacci Retracements as price develops. This is more effective than just using old charts where price had already developed.
• Next Fibonacci Retracements will be applied to short term trading strategies such as trading reversals, continuations, and breakouts. As well as long term investing strategies such as growth investing and dividend investing.
• Chart examples will be from many markets and includes financial instruments such as; stocks, indices, exchange traded funds (ETFs), Forex, Cryptocurrencies, and Commodities.
• Examples and explanations cover cases where Fibonacci Retracements are successful and unsuccessful.
• Explore the many advantages of this unique charting analysis technique. Then more importantly explore the limitations and drawbacks in order to understand when conditions are more beneficial to use Fibonacci Retracements and when it is not.
• Explore techniques to improve Fibonacci Retracement performance. Understand how confluence with technical and fundamental analysis helps increase the overall reliability of chart analysis.
• The content in this class provides a solid foundation to work with other Fibonacci tools and more advanced chart analysis methods.

Produced by Ascencore

Important disclaimer & disclosure for content presented by Ascencore: https://www.ascencore.com/disclaimer-and-disclosure

Loading 2 comments...