Guidebook No. 8 of The Samxon Market Indicator Series by Paul Samson. Every trend pauses. The question every trader faces during a pull back is how far it is likely to go. Fibonacci retracements are the most widely used answer, and this guidebook explains where they come from, how to draw them correctly and how to use them.
What you will learn in the Fibonacci Retracements guidebook
- The Fibonacci sequence and the golden ratio, and how each retracement level is derived
- How Fibonacci came into trading, and how to draw retracements from swing points
- What each level tends to tell you, plus extensions for where the next leg might go
- Five ways traders use the levels, and what happens when retracements fail
- Worked examples of a pull back that holds and a trend that breaks, plus a quick-reference checklist
The central idea: Retracement depth tells you where you are in the cycle, and a break of the swing low that anchors the levels means the trend has changed. The golden ratio behind the levels is also the first member of a wider family of metallic ratios.
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- Series: The Samxon Market Indicator Series, No. 8
- Author: Paul Samson, Samxon.ca
- Format: Digital guidebook with charts and worked examples
- Price: $9.99 USD
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For educational purposes only; not financial advice.
