Fibonacci Studies

Fibonacci studies are geometrical representation of nature’s law and human behavior that can be applied, almost without limit, to market data series, whether cash currencies/Forex, futures, index products, stocks or mutual funds. Each shape possesses unique characteristics in determining when the battle between bulls and bears is approaching a critical phase and which side is likely to win it.

Most Fibonacci studies are based on 3-wave patterns (A-B-C corrective patterns). The first impulse wave A is followed by the second corrective wave B that doesn

Back to Forexpedia Main Page

"Aerodynamically the bumblebee shouldn't be able to fly, but the bumblebee doesn't know that so it goes on flying anyway."
Mary Kay Ash
Clicky Web Analytics