Properly Using Fibonacci

You have probably seen me do it. You have probably seen others do it too, but do you why or how to use it?

I am talking about one of my favorite chart tools, the Fibonacci Retracement. In short, it allows you to measure how much a particular stock has made up on the previous trend; hence the retracement part of the name.

It is a very simple and easy to use tool, if used correctly, can help you predict price movement much more accurately.

While it is easy, showing rather than telling you how to use it is easier as well, so take a look at the video below.

Video – Fibonacci… it’s a technical tool that can make you rich