anyone here use fibonacci retracements?

Anyone that could provide their knowledge on entering trends using fibonacci levels like say 50% lets here your thoughts .

 

Do a search... I promise you that you can and will find more than enough info.

I did...

 

Hi Eric

I have found that the fib ratios are usefull in identify support and resistance levels, simply use your tool to calculate the 38, 50, and 62 between the highest in a year and the lowest of the year of any stock and you will see what I mean. There are also sub levels 28 and 78.

Regards

Sony

 

Yes, they have no more value than any other retracement. See similar thread for an attached study

 

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Yes,Eric , wisdom is profitable,50% helps ;
but 50 day/period moving average is better trend measure.