Understand & Use Fibonacci Ratio’s Effectively
Expert: Sunil Mangwani, CEO at FibForex123
Moderator: Maud Gilson, Conference Manager
Summary:
Fibonacci ratios are a very popular tool
among technical traders and are based on the following series of
numbers identified by mathematician Leonardo Fibonacci in the
thirteenth century : 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc.
One
of the remarkable characteristics of this numerical sequence is that
each number is approximately 1.618 times greater than the preceding
number.
This common relationship between every number in the series is the foundation of the common ratios used in technical analysis.
Price has an uncanny way of respecting Fibonacci ratios, and it’s worth studying these ratios in detail.
There
are different kinds of Fibonacci ratios like, retracements, expansions,
projections, fans etc, and each of them have a different characteristic
and a different use.
Learn these ratios and their individual uses in detail.
Webinar presented by FibForex123 and FXstreet.com
Hi Sunil,
Its always a pleasure to review your presentations. What i thought was difficult is now easily understood.
Thank you
Posted by: Noel Daniell | 06/27/2008 at 04:47
Hi Noel,
Thank you for your kind comments.
I feel my efforts are worth the while, when a trader can understand & apply the technicals in the correct way.
Please feel free to get back to me, if you have any other questions.
Regards,
Sunil Mangwani
Posted by: Sunil Mangwani | 06/27/2008 at 10:09
Hi Guruji,
I have watched your (Harmonic) Gartley pattern, It has given better understanding of the Gartley pattern.
Posted by: Arvind Tailor | 07/30/2008 at 01:42