Video: How To Use Fibonacci Retracement & Expansion

The use of Fibonacci levels in trading is perhaps one the best examples of the core philosophy of Technical Analysis and the belief of many, that trading decisions can be made purely from studying the charts and without the need for Fundamental Analysis.

Without giving you a history lesson on Fibonacci and his importance in mathematics we will focus solely on how Fibonacci levels are used in trading.  

Fibonacci numbers, when used to measure price swings in the markets, present powerful levels to watch for potential reversals and are applied in technical analysis through two main studies: Fibonacci retracement and Fibonacci expansion.  

In this brief video we take a look at these two tools and show you how to use them in your trading to identify key entry points to trending markets and also identify great take profit targets as well as discussing how you can look to improve the efficacy of your Fibonacci analysis.

You can read the written article here!