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Fibonacci sequence

Discussion in 'Introductions' started by srspriya06, Dec 17, 2012.

  1. srspriya06

    srspriya06 Active Member

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    hi

    I found difficult in Fibonacci retracement indicator... How to map the fibonacci numbers in the chart pattern....
     
    srspriya06, Dec 17, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    Fibonacci is used for tracking retracement levels and so for one trend there is a follow up trend reversal that would be based on Fibonacci levels.

    So if a stock goes from 100 to 150 and then start falling then 0 of Fibonacci would be 100 of the stock and 150 of the stock would be 100 levels and so now the stock can bounce from levels in between 100 and 150.

    Let me know if things are clear or you can even apply the same to some stock and see as well.
     
    shabbir, Dec 17, 2012
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  3. srspriya06

    srspriya06 Active Member

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    Thank You so much...........Now im clear with fibonacci retracement chart...
     
    srspriya06, Dec 17, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    The pleasure is all mine.
     
    shabbir, Dec 17, 2012
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  5. srspriya06

    srspriya06 Active Member

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    If i want to buy a share wat i have to look for? 3 months history or 5 days history or todays session.....Which is better...
     
    srspriya06, Dec 19, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    I don't use Fibonacci when trading or investing. I prefer using Fibonacci for trend reversal that too very rarely
     
    shabbir, Dec 19, 2012
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