The topic of Fibonacci relationships is one of the most fascinating and in particular, its application to the markets is a clever adaptation of a natural phenomenon. While history is a bit unclear as to how this application transpired, one is really glad that it did! For, it has lent to Technical analysis a powerful tool that enables one to create distinct price points of support and resistance out of the hundreds of possible price levels that could act as one. The consistency with which these relationships work across time frames and across asset classes makes this a rather universal tool in the arsenal of a technician and the author's attempt to showcase the relevant examples which are widely covered in this book gives the reader a comprehensive idea on the nuances of Fibonacci Trading.
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