Why Markets Reverse...Blame it on Fibonacci
June 22nd 2010 16:53
There are times when markets reverse for no apparent reason and seem to defy any news that would support the direction of the trend. We call this occasional event the "Fibonacci factor"and it occurs when markets
reach certain retracement levels and often reverse direction from their
previous trend.
In this new short video Adam Hewison outlines this phenomenon on the S&P500 and he will also be covering it when the new educational trading video debuts this Friday, which will be of course, "Fibonacci Friday".
Enjoy today's video and let us know what you think. As always there is no charge and no need to register.
| 182 |
| Vote |
subscribe to this blog
