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ulfahl

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ulfahl

Re: Rhee post# 17004

Thursday, 07/03/2014 11:09:31 AM

Thursday, July 03, 2014 11:09:31 AM

Post# of 34668
Wrong. ...In finance, Fibonacci retracement is a technical analysis is a security analysis methodology for forecasting for determining support and resistance levels. They are named after their use of the Fibonacci sequence. Fibonacci retracement is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction....
http://en.wikipedia.org/wiki/Fibonacci_retracement

...technical analysis is a security analysis methodology for forecasting...
http://en.wikipedia.org/wiki/Technical_analysis

Technical analysis is not pure science. lol

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