Citations:Fibonacci retracement

English citations of Fibonacci retracement

• 2010 December 16, Corey Rosenbloom, The Complete Trading Course: Price Patterns, Strategies, Setups, and Execution Tactics‎^[1], Wiley, →ISBN, page 147:

  The simplest way to apply the 0.618 ratio is in the common Fibonacci retracement tool on most charting software programs.

• 2011, Violeta Gaucan, “How to use Fibonacci retracement to predict forex market”, in Journal of Knowledge Management, Economics and Information Technology, volume 1, number 2, →ISSN:
• 2016 December 5, Indranarain Ramlall, Applied Technical Analysis for Advanced Learners and Practitioners, Emerald Group Publishing Limited, →ISBN, page 167:

  Under Fibonacci retracement, the ultimate purpose is to assess the pullback in prices following a previous increase. In essence, Fibonacci retracement is based on the notion that markets will retract a predictable portion of a move after which they will go on in the original direction.