Fibonacci in trading: the mathematics of market movement. A practical guide to using Correction, Expansion, and Fan Lines in the Forex Market

Markets do not move chaotically. Behind the apparent chaos of quotes, there are rhythms, proportions, and patterns that have been observed by humanity for centuries. One of the keys to understanding these rhythms is the Fibonacci numbers and their derivatives, the "golden" proportions. This book is not about finding the "holy grail." Instead, it is about adding a powerful and objective tool to your trading arsenal for identifying potential reversal zones, trend continuation, and risk management.