Can You Use Fibonacci As a Leading Indicator?From a trading perspective, the most commonly used Fibonacci levels are the 38.2%, 50%, 61.8% and sometimes 23.6% and 76.4%. In a strong trend, which ...

Fibonacci fans are composed of diagonal lines. After the high and low points on the chart are located, an invisible horizontal line is drawn through the rightmost point.

One common technique employed by traders is the combination of diagonal and vertical Fibonacci studies to find areas where both indicate significant resistance.

How This Relates to Investing in Stocks Technical analysts use three Fibonacci applications when looking at stock performance. Analysts use these equations to predict stock market prices.

Applying Fibonacci levels to your Forex charts is a simple yet advanced two step method for finding price targets in the trends path.

However, by adding Fibonacci to your trading (Click Here to Register For Our Free Online Fibonacci Course), not only can you locate future targets for stops and exits but you can also find triggers to ...