Fibonacci Extension Tutorial - MT4/MT5 Resources
Hi,
In the attached PDF you will find the Fibonacci method I have used over the years.
In my opinion, this is one of the best ways to set exit levels and determine support and resistance levels (point precise).
If you've never used Fibonacci lines, don't worry, the tutorials and methods are very easy to follow. Fibonacci lines are available in almost all popular charting tools and are set up similarly.
As an alternative, you can download my MS Excel-based Fibonacci calculator.
Most of the screenshots in the tutorial are from VT Trader and some are from Tradestation.
So enjoy it, I'm sure you'll enjoy it.
I'll try to answer questions as quickly as possible.
Cheers, Dave
In the attached PDF you will find the Fibonacci method I have used over the years.
In my opinion, this is one of the best ways to set exit levels and determine support and resistance levels (point precise).
If you've never used Fibonacci lines, don't worry, the tutorials and methods are very easy to follow. Fibonacci lines are available in almost all popular charting tools and are set up similarly.
As an alternative, you can download my MS Excel-based Fibonacci calculator.
Most of the screenshots in the tutorial are from VT Trader and some are from Tradestation.
So enjoy it, I'm sure you'll enjoy it.
I'll try to answer questions as quickly as possible.
Cheers, Dave
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