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Trading With Fibonacci – The Professional Way: Workshop Recap

Trading With Fibonacci – The Professional Way: Workshop Recap

Most of us are familiar with technical analysis 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.

The Fibonacci Retracement Tool is sometimes called leading technical analysis indicator because of its predictive nature, which gives advance notice on potential reversal levels and hence help in the timing of entries and exit.

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We had a technical analysis workshop on teach people how to use the Fibonacci Retracement Tool yesterday, conducted by a veteran community member and TA expert, Ong Bee Heng.

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Upcoming Workshop: Technical Analysis – Trading With Fibonnaci – The Professional Way

Upcoming Workshop: Technical Analysis – Trading With Fibonnaci – The Professional Way

This workshop in our series, is all about Technical Charting and Fibonnaci for stocks.

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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.

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