Leonardo Bonacci, referred to as Fibonacci, was one of the most brilliant mathematicians of his time. There can be no better endorsement that even today, centuries after his death, traders are still practicing his work. Traders use Fibonacci to identify support and resistant areas, but more importantly to identify both entry and exit levels on potential trade set-ups.
What many traders don't realise is that Fibonacci does offer many other supplementary indicators that helps traders in their quest for successful entries and exits.
On Wednesday we cover the following indicators:
• Fibonacci Retracements
• Fibonacci Time Zones
• Fibonacci Fan
• Fibonacci Arcs
• Fibonacci Expansions