Now that
you know about the basic Japanese candlestick patterns, why not take it to the
next level and learn about the Fibonacci retracement tool?
Lessons on Fibonacci
1.
Fibonacci Who?
No,
Fibonacci is not some type of pasta. Learn all about the man behind the concept
and what it actually means.
2.
Fibonacci Retracement
The first
thing you should know about the Fibonacci retracement tool is that it works
best when the market is trending.
3.
When Fibonacci Fails
What
happens when Fibonacci fails? Could it be because of your swing highs and lows,
or are markets just not responding to it?
4.
Combining Fibs with Support and Resistance
In this
lesson, we'll show you how to combine the Fibonacci tool with support and
resistance levels.
5.
Combining Fibs with Trend Lines
What's
another way to tilt Fibonacci levels in your favor? Combining it with trend
lines, of course!
6.
Combining Fibs with Candlesticks
Check out
how combining candlestick patterns with Fibonacci levels can improve your
trading odds.
7.
Fibonacci Extensions
Fibonacci
levels aren't only used to spot entry areas - they're also good places to take
profit!
8.
Placing Stops with Fibs
If you
can take profit at Fib levels, then you can definitely place stop losses there
too!
9.
Summary: Fibonacci
Here's a
review of what exactly the Fib levels are, as well as their use in trading.
