Introduction

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The process of technical analysis of stocks involves an important study called Fibonacci Retracement. This study helps in determining the support and resistance levels of a script at any given point. The user can enhance and improve his trades with the help of Fibonacci Retracements,  thereby improve his entry and exit points. The Fibonacci Retracement tool is based on the concept that markets will retrace a predictable portion of its prior movement , thereafter it will continue with its initial direction. Fibonacci Retracement Levels are often used by traders and investors to analyze and predict price movements in the market.

Objective

Fibonacci Retracement tutorial is a free course which would help learners in understanding Fibonacci concepts and its importance in the field of Technical Analysis.

Benefits

This would enable the learners to:

• Get clarity on Fibonacci concepts
• Learn how to use Fibonacci Retracements
• Understand how to spot opportunities for entry and exit

Topics Covered

• Importance of Fibonacci mathematical relationship
• Know about various tools available in Fibonacci
• Learn to Apply Fibonacci Retracement
• Understand types of retracement and its impact on prices
• View examples to enhance understanding

Intended Participants

• Traders
• Technical analysis students
• Investors
• Brokers
• Analysts