Complex Fibonacci analysis. Victor Pershikov
Technical analysis using Fibonacci methods has long become a classic of market research.
Using levels in relation to the price of an exchange asset is a fairly effective way to identify patterns in price behavior.
Despite the fact that special indicators that automate the process are now used to plot Fibo levels, the trader still has to draw conclusions on his own.
The book, written by Viktor Pershikov, a specialist in the use of Fibo levels in stock trading, “Comprehensive Fibonacci Analysis”, will allow you to create your own trading strategy.
The author claims that using Fibonacci tools alone is quite enough for profitable Forex trading.
1. Basics of complex Fibonacci analysis - revealing the essence of this method, analysts who have built their strategies based on Fibonacci tools.
2. Fibonacci retracement and the rules for its construction - taking into account the level corrections when trading on the Forex currency exchange.
3. Simple support/resistance clusters – formation of price channels based on support and resistance.
4. Internal Fibonacci Retracement patterns – searching for turning points based on support/resistance levels and correction parameters.
5. Price behavior in the process of IP formation – trading using patterns and auxiliary tools.
6. Fibonacci projection – application of projection in practice as an addition to Retracement. Key levels.
7. Fibonacci extension - types of possible extensions, and what they are used for in practice.
8. Composite support/resistance clusters as the basis for trading in CAF – complex application of the described methods to determine turning points.
9. RNA pattern – as an additional tool to confirm the existing trend.
10. Fibonacci time projection as a tool for analyzing “time” levels - forecasting the formation of price extremes.
11. Examples of the application of complex Fibonacci analysis in the FOREX market - the final chapter, which tells how everything described above can be applied to specific situations.
From the contents of the book, you yourself already understand whether this textbook is suitable for you or not, I generally liked the book, the style of exhausting the material is a little heavy, but the information provided is well worth attention.
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Practical points of Fibonacci levels - https://time-forex.com/tehanaliz/urovni-fibo