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TradeStation

Presented by Jesus Nava, Director of Client Services and Education, TradeStation Securities

Identifying retracement levels is sometimes left to the trader’s judgment; however, the Fibonacci Retracement tools available on the TradeStation Desktop can assist in the analysis. These Fibonacci levels often act as support and resistance, while breaking a well-established level may reveal a change in trend. This presentation discusses the calculation of Fibonacci retracement levels and their practical implementation in technical analysis.

Learning points:

• Understanding Fibonacci calculations
• Drawing Fibonacci Retracement Levels
• Customizing Fibonacci to fit your trading style

Jesus NavaJesus Nava
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