Fibonacci

[Kayacibia]

Hello,

my name is Francisco and I am Spanish. My English isn't very good so if I can't explain myself clear enough, sorry.

I'm starting in the world of finance and looking for examples of chart anylisis, I have seen a lot of series of Fibonacci but I can't understand why they are used so my question is: what is the meaning of series Fibonacci in chart analysis? What are they for?

[KennethGwi]

Technical analysis is pretty much using MS paint to try to figure out the fastest way to bankruptcy. I'd be bold enough to say that pretty much every trader uses it to one degree or another, myself included. It's the alternative to fundamentals, which is like sales numbers, multiple toddlers choking to death on a companies product, CEO has a heart attack and dies and then people worry who will run the company...stuff like that.

[Kennnthpr]

Technicals are typically a waste of time, most are lagging, and they don't work. Build your strategy around stronger variables.

[KlausOht74]

Technical not work all time, some time work and some time not working.