part of the new bloomberg market essentials series, fibonacci analysis provides a concise and accessible assessment of how fibonacci works, the basic strategies with which it is linked and how iti can be used to identify future market prices.
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"Fibonacci Analysis gives traders a first step toward applying Fibonacci analysis in the market. The book covers key elements of this technical analysis tool. Traders will get up to speed quickly on its unique benefits. The major ratios between numbers in the Fibonacci sequence describe predictable market patterns. Fibonacci analysis analyzes these movements to identify future market prices"--Provided by publisher.
In "Fibonacci Analysis," Constance Brown distills for traders the essentials of this little-understood but highly effective technical analysis tool. Emphasizing practical market applications that can be put to use immediately, this book: shows how to use Fibonacci ratios for price projection, provides detailed charts of actual trading situations, explains the importance of proportion when analyzing charts, alerts traders to the most common errors, and describes how to identify false signals. Brown gives traders a better understanding of this powerful technical analysis tool, leading to more effective trading.
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