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a VALUE $ 197 for Actives
Day Traders |
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Retracements Theory and
Practice |
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What Must Know to Use
Correctly the Gann's Angles |
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How to Classify a Group of
Waves by R.N.Elliott Theory |
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Leonardo
Fibonacci
| | | | Leonardo
Fibonacci born in Pisa About 1170 to 1180, was a mathematician
in 12th century Italy. He is credited witch discovering a
mathemetical principal in whinch
a series of numbers, two of which are added toghether,
will ad up the next number is of the series. For example : 1, 1, 2, 3, 5, 8, 13,
21, 34, 55 etc. |
| This is a series of numbers
in which every number has a relationship with the number following it, the number
preceding it, as well as every other number in the series. By dividing any larger
number by the following larger number you will get approximately 61.8%. So each
number is approximately 61.8% of the number following it. |
| There are many other mathematical
relationships possible, but the primary percentages that concern us in technical
trading are 23.6%, 38.2%, 50% and 61.8%. These Fibonacci numbers have been rounded
for simplicity sake to 25%, 38%, 50%, and 62% for purposes of determining Fibonacci Retracements. |
In studies of past markets it
has been determined that after price makes a significant move and begins to retrace
or correct, it tends to move to the levels of 25%, 38%, 50% or 62% of the previous
significant move
| When price
moves to one of the levels and
stops, you have a high probability the correction is over and the primary move
will resume. | .
Note that the direction of the primary move can be in either direction, up or
down. The direction of the primary move is not a factor. In a primary down
move, the direction of the correction would be up. In a primary up move, the direction
of the correction would be down. The
key to using and applying Fibonacci retracement levels
is identifying the primary move and calculating the proper Retracement Levels. |
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| If you want learn more , about studies, Leonardo Fibonacci opinions and
theory with formules and explanatory examples.
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here, a instance that it:can
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