Trade like a Pro: The Comprehensive Fibonacci Analysis

Learn how to properly use various Fibonacci tools – not only retracements. Recognize simple support and resistance clusters, identify the behavior of price in the process of IP shaping and what is an auxiliary retracement.

In this course you will learn:


Fibonacci retracements and rules for its construction

  • Retracement levels

  • Specifics of the 61.8% level​

  • Construction of Fibonacci retracement​

Simple support/resistance clusters

  • Key and non-key clusters​

  • Auxiliary retracement

Internal patterns in retracement

  • First internal retracement pattern (IP1)

  • Second internal retracement pattern (IP2)

  • Third internal retracement pattern (IP3)

  • Fourth internal retracement pattern (IP4)

  • Sets of internal patterns

The behavior of price in the process of IP shaping

  • A pattern in the pattern

  • The Wolfe Wave in the internal pattern

  • Symmetrical triangles in IP1 and IP2

Fibonacci projection

  • Projection levels​

  • FE 100%

  • FE 123.6%

  • FE 138.2%

  • FE 150%

  • FE 161.8% and FE 200%

  • Breakout at 200% FE

  • Relationship with the retracement construction

  • Unsuitable points for building projection

  • Preferred building option

  • Clustered projection​

Fibonacci extension

  • Extension of type I

  • Extension of type II


Composite support/resistance clusters

  • Retracement + projection

  • Retracement + extension-I​

  • Projection + extension-I

  • Selection of priority cluster

  • IP1 and IP2 on a cluster

Fibonacci time projection

  • Construction and application

  • Specifics of constructing the tool

  • “Place” + “time” in the CFA


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