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Targets and Stops (003) - Fibonacci projections

Another important and broadly used target calculation tool is what market technicians call the Fibonacci projections. Simply putting the Fibonacci ratios are used to project the end of a three legged structure after two legs are considered complete. These three legs could be a-b-c, 1-2-3, 3-4-5 or w-x-y. These following Fibonacci ratios or projections: 0.382 [...]
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