Скачать или смотреть Free Guide: 6 Fibonacci Types that Create the Most Precise Price Targets and Reversal Zones

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Fibonacci, often referred to as “Fibs”, are one of the most commonly used tools in Price Action Trading for trending markets in helping create measured price movements which can assist you in creating bi-directional future levels of interest and anticipate trend reversal zones.

However, Fibs are often used incorrectly by traders causing lost or missed opportunities.

Why do we think that is? Because most Fibs that we see posted on the internet are not drawn or used correctly and we realize that most traders didn’t learn from institutional traders that understand how the trading algorithms are developed and used by professional traders.

There are many free Fibonacci resources for traders to be found online. Most explain who Mr. Fibonacci was and go into in-depth mathematical explanations. And that’s fine, but in reality, knowing that information won’t help you become a better trader so we’re going to cut right to the chase and reveal only the necessary information that you can start using on your very next trade!

This free guide will explain to you exactly what Fibonacci retracements and extensions are and how they should properly be used on your charts.

First and foremost, Fibonacci is a Trending Tool to identity potential reversal and extension levels in price action across any time frame. These price reversals, referred to as retracement levels, can be used for both bullish and bearish trends for trade entries and stop loss levels. Price extensions, referred to as “targets” can be used for profit taking, stop losses, and completions for what are called “measured moves.”

In many cases, using fibs can accurately provide precise levels where price may reverse but more importantly using fibs can provide “zones of interest” where price may change direction. Knowing how to chart these levels and zones can provide potential trade entry levels, stop loss levels, and fib completions levels referred to as profit targets.

The most commonly used Fibonacci drawing is known as the “Swing Fib” which virtually “every trader in the world” that uses Fibs will have on their charts.

Now, if you're ready to learn about all the other different types of Fib retracements that you can use on your charts download the free guide:

Download Your FREE Guide Now - Fibonacci Types that Create the Most Precise Price Targets and Reversal Zones

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