Fibonacci trading with technical analysis

Description

This course will cover following topics

1. DAU theory

2. Pivot points , Fibonacci and trend lines

3. Technical indicators (Moving average, ADX, Super trend, CCI, RSI ,MACD etc.)

4. Candlestick patterns

5. Patterns

5. Stock selection criteria and entry exit points

7. Fibonacci trendline, Fibonacci fan and arc trading

10. Trading phycology and qualities of good trader

11. Multiple choice Questions_ Answer  self test objective type on course (Quiz)

The Fibonacci trading strategy is a method of analyzing and making trades based on the Fibonacci sequence, which is a series of numbers in which each number is the sum of the two preceding ones (0, 1, 1, 2, 3, 5, 8, 13, 21, 34, etc.).

Fibonacci retracements are often used as part of a trend-trading strategy. In this scenario, traders observe a retracement taking place within a trend and try to make low-risk entries in the direction of the initial trend using Fibonacci levels. Traders using this strategy anticipate that a price has a high probability of bouncing from the Fibonacci levels back in the direction of the initial trend.

While Fibonacci retracement levels can be used to forecast potential areas of support or resistance where traders can enter the market in hopes of catching the resumption of an initial trend, Fibonacci extensions can complement this strategy by giving traders Fibonacci-based profit targets. Fibonacci extensions consist of levels drawn beyond the standard 100% level and can be used by traders to project areas that make good potential exits for their trades in the direction of the trend. The major Fibonacci extension levels are 161.8%, 261.8% and 423.6%.

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