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Description:

Fibonacci analysis – named after the 13th century Italian mathematician – is an extremely effective tool for understanding market movement. Nevertheless, Fibonacci analysis can be difficult to understand, preventing most traders from taking full advantage of this valuable technique.

This outstanding new book gives traders a concise and clear explanation of what this technique is, how it works, and how to apply it in today’s markets. Constance Brown covers a wide range of topics including Fibonacci analysis in cycles of expansion and contraction, Fibonacci ratios for price projection, and applications for time analysis. She offers practical guidance on such specific tools as rhythmic wave diagrams, support and resistance, proportional analysis, and use with oscillators.

Fibonacci Analysis is eminently practical, showing the most effective use of a technique that can increase the probability of trading success.

Emphasizing practical market applications that can be put to use immediately, this book:

• SHOWS how to use Fibonacci ratios for price projection

• PROVIDES detailed charts of actual trading situations

• EXPLAINS the importance of proportion when analyzing charts

• ALERTS traders to the most common errors

• DESCRIBES how ot identify false signals

Contents:

Introduction

• 1. The Mystery of Phi (1.618) and phi (0.618)
• 2. The Concept of Market Expansion and Contraction
• 3. Support, Resistance, and Price Projections
• 4. Bridging the Gap between the Nautilus Shell and a Market Chart
• 5. Fibonacci Channels, Angles, and Cycles with Oscillators
• 6. Fibonacci Expansion Targets and Confluence in Time
• 7. Rhythmic Wave Diagrams
• 8. Harmonic Unity Within Market Price and Time
• Appendix A
• Appendix B: Common Errors
• Selected Bibliography
• Index