CHAPTER 6 –

FIBONACCI
PART 2 – USING
FIBONACCI
FIBONACCI
RETRACEMENT
Fibonacci Retracements are plotted to find
support where stocks are high likely to
reverse.
The Golden Ratio of 61.8% and 78.6% Fibo
Ratio generally tend to act as strong support
level.
Fibonacci Projections are plotted to find
resistance where stocks are high likely to
reverse.
The Golden Ratio of 61.8% and 161.8%
Fibo Ratio generally tend to act as strong
resistance level. www.merolagani.com
HOW TO PLOT FIBONACCI
RETRACEMENT

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HOW TO PLOT FIBONACCI
RETRACEMENT

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HOW TO PLOT FIBONACCI
RETRACEMENT

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HOW TO PLOT FIBONACCI
RETRACEMENT

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HOW TO PLOT FIBONACCI
RETRACEMENT

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HOW TO PLOT FIBONACCI
RETRACEMENT

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HOW TO PLOT FIBONACCI
RETRACEMENT

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HOW TO PLOT FIBONACCI
PROJECTION

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FIBONACCI PROJECTION –
HOW TO TRADE
1. Identify Lines of Resistance – Use
Strategy as per Chapter 1 – Resistance
Guideline.
2. Wait & Hold for Signs of Reversal.

3. Buy At Breakout / Hold Your Stock &

Move to Next Line of Resistance if Valid
Breakout.

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FIBONACCI PROJECTION –
HOW TO TRADE

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FIBONACCI PROJECTION –
HOW TO TRADE

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FIBONACCI PROJECTION –
HOW TO TRADE

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FIBONACCI PROJECTION –
HOW TO TRADE

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 This Ends Part 2.

Part 3: Fibonacci
Retracement Trade Setup

Thank you!
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