How To Use Fibonacci Retracement

Fibonacci retracements are a valuable tool for both day trader and swing trader. The most popular Fibonacci Retracement levels are 38.2%, 50%, and 61.8%. These levels are often where a stock, after a big move up, will retrace or pull back to. Knowing these amazing levels can help you better time your entry in a stock. Don’t chase it, Fibonacci Retracement.
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Stock Trading Seminars: Basing Patterns

Forget expensive stock trading seminars, this free lesson will help you better time explosive intra-day price moves.

Stocks will base or go sideways, then break either up or down. This makes the basing pattern or the consolidation pattern a great money making pattern.

On May 1, 2013, I made a killing in JRCC using the basing pattern. A basing pattern is a sideways move accompanied by a big drop off in volume. The volatility and beta on the stock drops below its average as the stock appears to flat-line with little interest from traders.
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