Australian (ASX) Stock Market Forum

fibonacci numbers

  1. James Austin

    Trading Fibonacci numbers

    Some people swear by the validity and robustness of Fibonacci numbers as a support & resistance trading tool. Below is an example using a FTSE futures 10min chart, from yesterday 20/2/09. The yellow circle is the starting point (zero; green line 3947 on chart 1.) for setting the fib...