Fibonacci Retracement

Training videos for beginners. This one deals with fibonacci lines is and how to use them in trading. These videos are meant for the people that want to know more about the wonderful world of stock trading.

For those traders that are interested there are more of these free videos available at www.thestockmentor.com

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Education

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• stock
• trading
• stocks
• market
• beginner
• learn
• learning
• fibonacci
• retracement
• thestockmentor
• free
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[TheDslider]

I am just learnig about fibonnaci lines and this was my first lesson I want to know more!!! Can you help me?

[TheStockMentor]

@TheDslider Outside of my mentoring I don't have a whole lot more on the Fibonacci stuff but if you'd like some more free material on technical analysis I have some free training videos at my website under the 'basics' page that you might be interested in!

[sharkshockey19]

@TheStockMentor what charting software are you using

[TheStockMentor]

@sharkshockey19 I use both ThinkOrSwim and StockCharts. What you see in the video is from ThinkOrSwim

[miklamx]

I've often wondered if you put your Fib 50, drawing from the bottom up to find resistance and top down to find support, at the center of the gap and see if your forecast for entry is more accurate. I'm just eyeballing it but it looks like it would work. I'll bet you there's a double top/bottom or H&S top and bottom strategy by using fibs.You know how those gap and then retrace back to almost the middle of that gap and then retrace again.