anyone here use fibonacci retracements?

Discussion in 'Technical Analysis' started by Eric J, Dec 25, 2007.

  1. Eric J

    Eric J

    Anyone that could provide their knowledge on entering trends using fibonacci levels like say 50% lets here your thoughts .
  2. Do a search... I promise you that you can and will find more than enough info.

    I did...
  3. chauhans


    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.


  4. Yes, they have no more value than any other retracement. See similar thread for an attached study
  5. =====================
    Yes,Eric , wisdom is profitable,50% helps ;
    but 50 day/period moving average is better trend measure.:cool: