Fibonacci numbers and market analysis

Fluctuations in the online forex trading currency market - is not just a war between supply and demand, because prices have had an enormous influence opinions, expectations and estimates of people. Studies show that the market behaves in a certain pattern, because human behavior is also subject to geometrical laws, even if they themselves do not understand. Forex market traders use Fibonacci numbers as the level of support and resistance:

Level of support Fibonacci - 0.236, 0.382, 0.500, 0.618, 0.764;

Resistance Fibonacci - 0, 0.382, 0.618, 1.000, 1.382, 1.618.

Since a very large number of traders is guided by these indicators in decision-making, they play the role of programming expectations. Traders also use the Fibonacci extension levels as an indicator of the level of realization of profit.

Virtually all schedules laid down tools for measuring the level of resistance and Fibonacci extension. In order to apply Fibonacci to your schedules, you should be able to recognize the highest and lowest point of sales. The highest point - a Japanese candle with no less than two peaks on either side.Lowest point - a Japanese candle with no less than two minimal on the left and right sides.