Level 9
Fibonacci and measured targets
By the end of this level you can map pullbacks with Fibonacci levels, compute measured targets from patterns, and you will know why every target is a scenario rather than a destination.
In this level
- The concept of retracementTrends advance like a staircase: a push, a breather, another push. The move in the trend's direction is called an impulse; the breather against it, a retracement or pullback…
- Fibonacci retracement levelsThe Fibonacci retracement tool places percentage marks between the start and end of an impulse: 23.6%, 38.2%, 50%, 61.8% and 78.6% are the most used. It takes its name from ratios…
- Measured targetsA measured target is a price projection produced from a pattern's own size. The tradition works like this: for the flag of level 7, the pole's length is added to the breakout…