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Alvexo - The Value of Fibonacci Retracements
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Assets tend to retrace rather than move in a straight direction; many traders use the Fibonacci Indicators as reference points to predict a retracement versus a reversal. These seem to be incredibly accurate when analyzing chart pattern reversals. Fibonacci indicators also provide an excellent visual map. Combined with other indicators, the savvy trader could find optimum entry and exit points.
Several technical analysts use these Fibonacci Indicators known as Fib-lines to predict Price Targets and Support/Resistance Targets. While nothing can predict the future with 100% accuracy, adding these to your technical analysis tools dramatically enhances your ability to potential trades.
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was awarded the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.
Several technical analysts use these Fibonacci Indicators known as Fib-lines to predict Price Targets and Support/Resistance Targets. While nothing can predict the future with 100% accuracy, adding these to your technical analysis tools dramatically enhances your ability to potential trades.
Barry Norman
The Director of Investors Trading Academy as well as a published author and educator. Barry brings with him over 35 years of financial market knowledge and experience. He holds an MBA in Finance and Economics from UCLA and an undergraduate degree in Economics from the University of Maryland. Barry was awarded the title of “Best Education in Europe” by Global Banking & Finance. Barry is also a presenter for the MoneyShow and many well-known news sources.