I ran across an eBook, Practical Fibonacci for Forex , written by Ken Marshall and Rob Moubray. It totals 30 pages and explains the Fibonacci numbers, what they are, how the ratios are derived and why they apply in the Forex market. It was also explained how to find entry and exit points using candlestick patterns with clear graphic examples These apply in many markets, particularly in E-mini futures and spot Forex markets. I use Fibonacci retracements primarily and sometimes in conjunction with Fibonacci Fans to find other support and resistance levels and found the examples helpful. It also explained in detail how areas of convergence of different retracements apply yielding areas of potential greater support and resistance. The standard ABCD or 1234 pattern was described with detailed examlpes. Overall, a good resource for those that want to apply Fibonacci Retracements to the Forex market.
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