This workshop in our series, is all about Technical Charting and Fibonnaci for stocks.
Most of us are familiar with indicators such as stochastic, MACD, RSI and moving average. But do you know that these indicators are lagging in nature?
As they are derived from historical data, these lagging indicators sometimes give a trade signal only after the price had made a significant move.
What if there is a tool that can help you forecast potential entry or exit price so that you can plan ahead when you are buying or selling?
Fibonacci Retracement Tool is sometimes called leading indicator because of its predictive nature, which gives advance notice on potential reversal levels and hence help in the timing of entries and exit. …
*Note: this tutorial is NOT teaching Technical Analysis, but the utilisation of the charting tool. All stocks, indicators and drawings shown are just for illustration purposes to show the functions of our tool.