Tag: technical analysis

Trading With Fibonacci Time Zones

Fibonacci Time Zones are used to help identify potential areas where reversals or significant changes in price may be expected to occur. A series of vertical lines are drawn on the chart each corresponding with a Fibonacci ratio as a user defined time interval. It is set by drawing a trend line between price highs […]

Fibonacci Arcs Trading and How to Use Them

Fibonacci Arcs are used to help identify potential areas of Support and Resistance on the chart. A line is drawn between an extreme low and an extreme high. The Fibonacci Arc tool then plots 3 arcs fanning out from the second extreme point, the arcs corresponding to the 38.2%, 50% and 61.8% Fibonacci percentage levels. […]

Make Profits with Support and Resistance Trading Strategy

Identification Of Key Support And Resistance Levels Is Most Important Component To Successful Technical Analysis And Profitable Trading. Even Though It Is Sometimes Difficult To Establish Exact Support And Resistance Levels, Being Aware Of Their Existence And Location Can Greatly Enhance Analysis And Forecasting Abilities. If Price Is Approaching An Important Support Level, It Can […]

Fibonacci Fan and how to Use them as Trend line support and Resistance

Fibonacci Fan Lines are used to help identify key Support and Resistance Trend Lines. Similar to the Fibonacci Retracement, support and resistance lines are calculated by drawing a trend line between a significant low and a significant high. This trend line is set as the 0% line. The Fibonacci Fan tool then plots 3 diagonal […]

How to Use Support and Resistance in Trading

Because Technical Analysis Is Not An Exact Science, It Is Useful To Create Support And Resistance Zones. Each Stock, Commodity Or Currency Has Its Own Crowd, And Analysis Should Reflect The Behavior Of Crowd On Chart In The Form Of Price Patterns.   Sometimes, Support And Resistance Works Well As Levels But Sometimes You Have […]

Fibonacci Retracements : How to use them to calculate Support and Resistance

Fibonacci Retracement tools are used to identify key horizontal Support and Resistance levels. Fibonacci Retracement levels are calculated by drawing a trend line between a significant low (represented as a 0% level) and a significant high (represented as the 100% level) and plotting horizontal lines at each of the Fibonacci percentage levels (23.6%, 38.2%, 50% […]

Importance of Trading Ranges in Trading

Trading ranges are important factors in determining support and resistance levels as reversal or as continuation patterns. A trading range is a period of time when prices move within a quite tight range. This signals that the forces of supply and demand are neutralizing each other’s. When the price breaks out of the trading range, […]

Fibonacci Trading With Fibonacci Studies

The Fibonacci sequence is a Numerical Series Where Every Number Is the Sum of the Previous Two: 1, 1, 2, 3, 5, 8, 13, 21, 34, Etc. The Sequence Of Numbers Has Some Interesting Properties. For Example Any Number In The Series Is A Multiple Of Approximately 1.618 Of Its Previous Number. This 1.618 Or […]

Support Equals Resistance and Trading Strategy

Another Principle Of Technical Analysis Specifies That Support Can Turn Into Resistance And Vice Versa. Once The Price Breaks Below A Support Level, The Broken Support Level Can Become Resistance. The Break of Support Signals That the Sellers Have Overcome the Buyers. Therefore, If The Price Returns To This Level, There Is Likely To Be […]

How To Find Support And Resistance For Profitable Trading

Support and Resistance Are Like Mirror Images and Have Many Common Characteristics. Support Can Be Established With The Previous Reaction Lows. Resistance Can Be Established By Using The Previous Reaction Highs. Some Of The Ways To Find Support And Resistance Levels Are As Follows: Psychological Levels Occur When Price Ends With Multiple Zeros. It’s Human […]

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