Gives traders a clear and concise explanation of this extremely effective tool for understanding market movement. With a keen emphasis on practical application, the author shows you how to use Fibonacci ratios for price projection...and trains you to effectively use rhythmic wave diagrams, support and resistance, and proportional analysis. Also, learn to identify false signals.

Thirty year veteran trader describes high probability patterns that coincide with clusters of Fibonacci price projections to provide the short- or intermediate-term trader with high probability/low risk trade setups. Chosen as "Book of the Year" by the 1997 Supertraders Almanac. Well focused instruction in the application of Fibonacci relationships. Chapters include: Geometric Characteristics Of A Price Chart . . . Harmonic And Vibratory Numbers . . . The Primary Patterns . . . Classical Chart Patterns Using Ratios And Proportion . . . The "Butterfly" Pattern.

Offers new insight into pinpointing the highs and lows in market trading with the Fibonacci series. Learn to maximize profits and limit losses by anticipating market swings based on an enhanced understanding of how Fibonacci levels determine market trends. This innovative approach enables you to predict turning points well in advance, better determine stop-loss placement, and accurately identify critical support and resistance levels.