Fibonacci analysis-named after the thirteenth-century Italian mathematician-is an extremely effective tool for understanding market movement. Nevertheless, Fibonacci analysis can be difficult to understand, preventing most traders from taking full advantage of this valuable technique. Fibonacci Analysis gives traders a concise and clear explanation of what this tool is, how it works, and how to apply it in today's markets. Constance Brown covers a wide range of topics including Fibonacci analysis in cycles of expansion and contraction, Fibonacci ratios for price projection, and applications for time analysis. Brown offers practical guidance on such specific tools as rhythmic wave diagrams, support and resistance, proportional analysis, and use with oscillators. Fibonacci Analysis is eminently practical, showing the most effective use of a technique that can increase the probability of trading success.
