MORNING STAR CANDLESTICK PATTERN

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Morning star candlestick pattern















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HEAD AND SHOULDERS PATTERN

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Fibonacci fan explained

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 A Fibonacci fan is a chart construction technique used in technical study that uses the Fibonacci interaction to graphically predict support and resistance levels.  The Fibonacci quantity can be used to explain the proportions in things, from the smallest building blocks of nature, such as atoms, to the most advanced patterns in the world, such as unimaginably monumental celestial bodies. Nature relies on this inborn proportion to preserve equality, but financial markets also seem to adapt to this "golden ratio!  Understanding Fibonacci fans  Fibonacci fans are sets of sequential trend lines drawn from a valley or peak by means of a group of views dictated by Fibonacci retracements. To create them, a trader draws a trend line from which to base the fan, which primarily covers the low and high costs of a cost over a defined period of time.  To achieve the retracement levels, the trader divides the cost difference at the lower and preeminent end by the proportion...
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