On price charts, this behavior is reflected in the classic lines of resistance - support, channels,

The Fibonacci sequence Fibonacci lines
Great Fibonacci in every sense! The Fibonacci sequence - it's idt mysticism market "Forex". idt The great thing that the psychological processes of the human subconscious mind realized, even in this, there is little predictability of how the forex market! In a statistical analysis of the market ("technical analysis") idt are almost certain idt psychological processes of crowd behavior.
On price charts, this behavior is reflected in the classic lines of resistance - support, channels, trends, idt etc. "Formula" for success. Resistance line support, as we know, reflect a balance of supply and demand made on the market, at a fixed time. It is assumed that in the future, idt when the market reaches the specified price, traders might try to stay on the laurels price level, ie, when moving to a line of resistance-support "from above", will attack her shopping, and "from below" - sales!
But what to do in those fairly frequent cases where prices have gone far beyond the range of volatility? Then the assumptions for the prediction based on the following ideas: if the market for a long time buy, so you can build a Fibonacci line from the closing price of warrants bay at the beginning," to the closing price of warrants bay at the end of the path." Since the Fibonacci lines are stable numerical ratio sequence numbers, then the resistance line support, psychologically, will fit, just these levels! Most importantly - know it all traders, and of course, so really, in practice, Fibonacci lines are a good guide for building a strategy of buying and selling currencies?
How to do this in practice? You choose the menu treyderskoy software (trading platform), such as MT4 menu icon in the tool Fibonacci and set the cursor to the highest (or lowest, depending on the direction of the current trend) candle (closing price). Then "drag" the cursor to the very bottom (top) candle (closing price). idt Some traders recommend the use of the maximum or minimum prices, but still more than the closing price of "important." So you got to the levels idt of analysis and installation of Stop and Profit is 23.6, 38.2, 50.0, 61.8, 100. Why these? Because the levels are formed by the following calculation: the Fibonacci sequence fragment idt is taken (eg 8,13,21) and the first element is divided into the following two amounts - were 0.2364, followed by the first partition on the second (or the second to the third) - were 0.618 ("golden section "), idt and further on the same principles. The more and more elements from the beginning of the sequence, the more accurate the results. That's it! You can make predictions and look for an entry point into the market! idt
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