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Transcript
In the example there are 3 horizontal lines showing percentages the Resistance, Support and
Reached.
On the opening of each day the Zone Matrix will display the probabilities for that day. Some
days there will be useful opportunities and other days there will be none.
It is important that you use these High Probabilities Fibonacci Zones in combination with other
technical tools and not as a stand alone trading plan.
Because it is not a technical tool in the normal sense of the word, combining the Fibonacci Zone
Analysis with other technical tolls can highlight opportunities not really visible by themselves.
Actually it is a statistical analysis of zone pattern probabilities based on comparing yesterday's
close and today's open.
This tends to display potentially profitable trading situations, by answering 3 questions.
1. How often will prices reach a specific zone.
2. If prices reach a higher zone, how often will that be the high zone for that day.
3. If prices reach a lower zone, how often will that be the low zone of the day.
For more information
www.fibonaccitrader.com.
Fibonacci Trader
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