Fibonacci Analysis

by Constance Brown

Overview

In Fibonacci Analysis, Constance Brown distills for traders the essentials of this little-understood but highly effective technical analysis tool. Emphasizing practical market applications that can be put to use immediately, this book: Shows how to use Fibonacci ratios for price projection, Provides detailed charts of actual trading situations, Explains the importance of proportion when analyzing charts, Alerts traders to the most common errors, Describes how to identify false signals. Brown gives traders a better understanding of this powerful technical analysis tool, leading to more effective trading.

Product Details

ISBN-13:	9780470885253
Publisher:	Wiley
Publication date:	05/18/2010
Series:	Bloomberg Financial , #42
Sold by:	JOHN WILEY & SONS
Format:	eBook
Pages:	208
File size:	5 MB

About the Author

CONSTANCE BROWN (CMT) founded Aerodynamic Investments Inc. after working for more than twenty years as an institutional trader in New York. She is an active trader and frequently advises financial institutions and banks around the world.

Brown’s second book, Technical Analysis for the Trading Professional, was selected by the Market Technicians Association as required reading to prepare for CMT Level 3, the final examination that awards professionals the industry’s Chartered Market Technician accreditation. She is also a member of the American Association of Professional Technical Analysts. Brown has written seven books and is the editor of Market Technicians Association’s Journal of Technical Analysis. She lives in South Carolina.

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Table of Contents

List of Illustrations     ix
Acknowledgments     xiii
Introduction     xv
The Mystery of Phi (1.618) and phi (0.618)     1
The Concept of Market Expansion and Contraction     15
Support, Resistance, and Price Projections     43
Bridging the Gap Between the Nautilus Shell and a Market Chart     61
Fibonacci Channels, Angles, and Cycles with Oscillators     77
Fibonacci Expansion Targets and Confluence in Time     105
Rhythmic Wave Diagrams     137
Harmonic Unity Within Market Price and Time     143
Appendix A     163
Common Errors     165
Selected Bibliography     171
Index     177