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Fibonacci is probably the least understood, yet most effective indicator in the universe of technical analysis.
Cracking the Code Between Fib & Elliott Wave by Trading Analysis,
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Fibonacci is probably the least understood, yet most effective indicator in the universe of technical analysis. When utilizing the various tools of Fibonacci from a price and time perspective, the user will be able to project market turning points that other traders simply won’t see. When applied correctly, Fibonacci acts as a true leading indicator to future price action serving as clear cut road map on your next trading journey.
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