Complex Fibonacci analysis. Victor Pershikov
Technical analysis using Fibonacci methods has long been a classic in market research.
Applying these levels to the price of a stock is a fairly effective way to identify patterns in price behavior.
Although specialized indicators are now used to plot Fibonacci levels, automating the process, traders still have to draw their own conclusions.
A book written by Viktor Pershikov, an expert in using Fibonacci levels in stock trading, "Comprehensive Fibonacci Analysis," will help you develop your own trading strategy.
The author asserts that using Fibonacci tools alone is sufficient for profitable Forex trading.
1. Fundamentals 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 – Finding Reversal Points Based on support/resistance levels and correction parameters.
5. Price behavior during IP formation – trading using patterns and auxiliary tools.
6. Fibonacci Projection – practical application of the projection as a complement to the Retracement. Key levels.
7. Fibonacci Extension – types of possible extensions and why they are used in practice.
8. Composite support/resistance clusters as a basis for trading in CAF – a comprehensive application of the described methods for determining reversal points.
9. RNA pattern – as an additional tool that allows you 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 explains how everything described above can be applied to specific situations.
From the content of the book, you yourself already understand whether this textbook is suitable for you or not. Overall, I liked the book; the style of exhausting the material is a little heavy, but the information provided is quite worth paying attention to.
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Practical aspects of Fibonacci levels - https://time-forex.com/tehanaliz/urovni-fibo
