How to Use Fibonacci Retracements in Harmonic Trading
I have recently created an intensive and integrative trading course detailing my personally developed and researched harmonic trading method for trading individual stocks. The course content is much different than the content on this blog. If you want to learn a way to trade stocks for big gains that can be used for trading or investment purposes in every market cycle, then please consider taking this course. I promise it's great stuff and I give you a 100% satisfaction guarantee or your money back. It can be used on any time frame, but is most applicable to a daily or weekly time frame in order to integrate all the principles together as shown for maximum winning percentage and profit potential.
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If you would like more information on some basics of the method to use right away in your trading, then fill out the form to the right of this page and follow through with the links or click on this link to my stock market forecasting mini course and fill out the form there.
The video above gives a brief introduction on how to look at Fibonacci retracements in context of harmonic trading patterns.
Fibonacci Retracement Video Highlights
Fibonacci retracements can be used in conjunction with harmonic pattern identification in order to predict in advance the most likely price reversal zone for a stock.
I use extensive fibonacci inter-relations in my harmonic trading course in order to create one of several "layers" of probability backing my trade.
This video shows a basic three retracement approach applied to ABC patterns that are smaller than a prior move up. Overlapping of the Fibonacci retracements in a small price region suggest harmonic proportion in the price chart, and this is the type of relationship you want to see in harmonic trading candidates.
This video shows a basic three retracement approach applied to ABC patterns that are smaller than a prior move up. Overlapping of the Fibonacci retracements in a small price region suggest harmonic proportion in the price chart, and this is the type of relationship you want to see in harmonic trading candidates.
Watch the video, and hopefully it will help you in your trading.
-Pete
-Pete
I often wonder about the math behind Fibonacci patterns. Their are natural patterns in nature that also occur in the stock market certain numbers account for drastic moves in the direction of stocks based on these movements Im not sure if I have it right but I think Fibonacci is math based.
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