Lesson 18

Fibonacci



Lesson Details

Fibonacci

The Fibonacci tool can really open your eyes to the world we live in as well as provide you with the most powerful tool ever created in technical analysis. Learn what Fibonacci is and how mathematical ratios can assist in trading by helping us to identify key levels where the price might react. In this session you will learn what Fibonacci retracements and extensions are. The "golden ratio" 1.618 which Fibonacci is based around is found in all walks of life, symmetry and more importantly, can help you chart the crowds emotional patterns.

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The key levels of the Fibonacci extension tool are?

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The Fibonacci retracement tool is used to determine?

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The 50% retracement is the only key Fibonacci level

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The Fibonacci extension tool

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If we are applying a Fibonacci retracement to a bearish price swing we apply the tool from?

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The key levels of the Fibonacci retracement tool are?

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If price traded up into Fibonacci resistance we could look to?

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Fibonacci is found?

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If price traded down into Fibonacci support we could look to?

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