Fibonocci Retracement and Extentions

One of the most important parts of trading is learning how to use indicators. A lot of people may use different indicators and over the years, I have tried many different ones. I realized that I only need to use a few. The main ones that I use are really drawings and not indictors. They are Fibonocci Retracement and Extentions. These are purley based on support and resistance and are the best in my opiinion to determine how market price action will affect your positions.

Have a great weekend!

Talk soon,

Al Losada

Founder |  SimpleOptionStrategies.com

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