The 50% retracement
level is not really a Fibonacci ratio, but it is used because of the overwhelming tendency for an asset to continue in a certain direction once it completes a 50% retracement
Click the following link to see a Monthly Chart of SEPR Since April 2000 With Fibonacci retracement
levels, and an option configuration chart for SEPR for February: http://www.
12, and I notice an important Fibonacci retracement
level at 23.
As we so often see, it stumbled as it reached the 50-percent retracement
level, and now it seems to be hitting overhead resistance at the 38.
It seems to be hung up on the 50-percent retracement
level, but finding support at the 38.
Eighteen (18) Available Studies: With the addition of GANN Lines and Keltner Channels, the number of available studies now totals 18, including Fibonacci Retracement
and Projection, Bollinger Bands, MACD, and more.
The currency is also approaching a key fibonacci retracement
I keep a look out for Fibonnaci retracement
levels, simply because the folks on Wall Street keep an eye on them, too.
Technical analyst Christopher Weaver shows you how to improve your trading of trending currency pairs using trend lines, channels, Fibonacci retracements
and symmetrical triangles.