Market Insights Replay: 6 Fibonacci Types that Create the Most Precise Price Targets and Reversal Zones
You're invited to join ChartPros Founder Tom Winterstein for a dynamic and fascinating presentation hosted by NinjaTrader as he covered the "magic" behind Fibonacci retracements and extensions.
This was the first time Tom made this presentation since publishing his FREE Fib Guide so you won't want to miss it!
Recorded Thursday November 02, 2023 | 4:30pm ET
Watch Replay Now!
Navigating the Markets with Price Action Technical Analysis: Expert Tips for Successful Stocks, Options, Futures, Forex, Crypto, and Commodity Trading
Price action technical analysis is a popular and effective approach to navigating the financial markets, including stocks, options, futures, Forex, Crypto, and Commodity trading.
This article will provide expert tips and insights to help you successfully trade various financial instruments using price action technical analysis. By understanding and applying these concepts, you can improve your trading skills and potentially achieve greater profitability.
So often I get asked "Tom, where do you think the market is heading?"
I start by saying the better question is "where could the market be heading?"
Because what I think doesn't matter to price action and no one knows with any certainty where the markets are heading.
I don't make predictions, I don't call tops/bottoms however, I may react to price when it reaches a predetermined level of interest by trading or investing in that particular index, equity, commodity, Forex, etc.
Let's take the S&P 500 for example using it's futures ticker /ES...
Instant Access to FREE Guide: 6 Fibonacci Types that Create the Most Precise Price Targets and Reversal Zones
Fibonacci, often referred to as “Fibs”, are one of the most commonly used tools in Price Action Trading for trending markets in helping create measured price movements which can assist you in creating bi-directional future levels of interest and anticipate trend reversal zones.
This free guide will explain to you exactly what Fibonacci retracements and extensions are and how they should properly be used on your charts.