Fibonacci Trading

Thanks to Leonardo Fibbonaci and ProForm, Trading can be Done in Confidence

Fibonacci trading is a very popular sub-discipline within technical analysis and is based on the famous numbers sequence identified by mathematician Leonardo Fibonacci in the thirteenth century. However, in Fibonacci trading the sequence of numbers is not as important as the mathematical relationships, expressed as ratios, between the numbers in the series. For reasons that are unclear, Fibonacci ratios play an important role in the stock market, just as they do in nature, and can be used to identify critical price levels that would cause trends reversals.

The ProForm Robot makes Fibonacci trading simple by labeling important market tops and bottoms that are used to identify the common Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%. Once these levels are identified, horizontal lines are drawn on your chart and used to forecast possible support and resistance levels. One of the common problems with other Fibonacci trading tools is the ambiguity of measuring key market tops and bottoms. The ProForm Robot helps you pin point these critical levels - effectively improving your results!

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