Futures (Cedar Falls, Iowa), June 1st, 2000
Forget your high school math? Don't worry -- ratio retracement analysis is a surprisingly easy concept of price and time projection. Read on for a quick course in Fibonacci, Dow and Gann retracement levels, fan lines and arcs.
We often hear the pharse, "What goes up must come down." When commodities aren't advancing or declining in a linear form and trends become subject to the adversity of profit-taking, bargain hunting and innumerable factors, it's only natural to expect pull backs -- even in the hardiest of moves. Traders often flock to the comfort of Fibonacci levels, but ratio retracem...
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