Hi everyone
I had so far largely ignored fibonacci because I just did not feel comfortable with them and there was so much other stuff to digest as well, but now it is daunting on me that this may not be a good thing. I saw some interesting posts in last few days from folks who are/were projecting a collapse in GBP and EUR for instance. I feel I need to become more clued up about where price projections.
When I started I did read up on the basics of fib levels and know how to project them on a chart but I am totally unsure about which timeframes to use for fib analysis, at which peaks and lows to start drawing, what to conclude from various levels.
Can anyone help? E.g. is there a past thread this? Anyone know some easy and succinct literature? (preferably free)
Thanks!
I had so far largely ignored fibonacci because I just did not feel comfortable with them and there was so much other stuff to digest as well, but now it is daunting on me that this may not be a good thing. I saw some interesting posts in last few days from folks who are/were projecting a collapse in GBP and EUR for instance. I feel I need to become more clued up about where price projections.
When I started I did read up on the basics of fib levels and know how to project them on a chart but I am totally unsure about which timeframes to use for fib analysis, at which peaks and lows to start drawing, what to conclude from various levels.
Can anyone help? E.g. is there a past thread this? Anyone know some easy and succinct literature? (preferably free)
Thanks!
Consistency and patience is everything
