on the big scale, and these lines are going to stay here. Its actually very very very simple and very logical. In order to calculate Fibonacci sequence, add any Fibonacci number together with the number that immediately precedes it in the sequence. Now basically Fibonacci levels, I just trade as support resistance.
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Its just purely the fact that a lot of people use these techniques and they have a self-fulfilling prophecy because these are the levels where masses of market participants are looking to buy and sell. So if I go back, you see the blue line there. Thats the level we drew on forex via argine napoli our 5 minute chart. Nothing on your chart makes the market do anything. Advanced application OF fibonacci extenstions, whats really interesting and this is really kind of the point of this particular lesson is that we continue on down. So for example this is whats called our impulse move. Theyre very close together but I think you can see those. We are going to go a little beyond the basics of Fibonacci today. Fibonacci ratios: There are series of ratios from the Fibonacci sequence. Just fill out the yellow form at the top of the sidebar o n the right.
Please PAY IT forward BY sharing this video article ON facebook OR twitter by clicking one of the social media share buttons above, or at the very bottom of this article. Divided by 377.381.1 6765 divided by 17716.381.1. So the clusters dont work because theres 2 lines on the chart. Now lets move beyond that. Lets take that off, and actually no lets move forward a little bit.
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