Hello everybody
I'd so far mostly ignored fibonacci since I just did not feel comfortable together and there was so much other stuff to digest as well, but today it's daunting on me that this might not be a fantastic thing. I saw some fascinating posts in last couple of days from people who are/were casting a meltdown in GBP and EUR for instance. I feel I want to become more clued up about where price projections.
When I began I did research on the fundamentals of fib levels and know how to project them on a chart but I'm totally unsure about which timeframes to use for fib analysis, where peaks and lows to start drawing, what to conclude from several levels.
Can anyone help? E.g. is there a previous thread this? Anyone know some literature? (preferably free)
Thanks!