Using Fibonacci & Fibonacci Extensions Flashcards
1
Q
Fibonacci is used to predict support and _______ trends
A
resistance
2
Q
head to “_____ retracement” on the chart and expand the line from the swing high to the swing low
A
fib
3
Q
swing high
A
zenith
4
Q
swing low
A
nadir
5
Q
Percentages featured
A
0 .236 .382 .5 .618 .786 1
6
Q
Most important percentages are
A
38.2%
50%
61.8%
7
Q
Don’t ______ solely based on Fibonacci retracements
A
trade
8
Q
Fib retracements emphasize positions to ______ the trade
A
reenter
9
Q
Fibonacci extensions
A
based on search for price targets
10
Q
Double top
A
marked by two identical resistance trends
11
Q
extensions are traded less frequently than
A
retracements
12
Q
Fibonacci works best on ________ time frames
A
higher
