Fibonacci Retracement Tool: Fib Retracements & Fib Extensions: Charting Apple Stock Part 3
Channel: Reliable Rudy
Date: 2022-08-02

In the 3rd Apple charting video "Fibonacci Retracement Tool: Fib Retracements & Fib Extensions: Charting Apple Stock Part 3 ", I continue my charting analysis on apple stock using a Fibonacci Retracement tool to mark out fib extensions for the stock price of Apple. Using a fib retracement tool can be very helpful in technical analysis for a stock because it gives you a ballpark range where you can potentially take long term profits and deploy those profits in other under valued assets. The stock market can trade very irrational at times, but in the end are more people going to buy or sell a stock at a particular price. It's simple supply and demand, if more people buy than sell, the stock price will increase, so having a better understanding of fib retracements & fib extensions can be very beneficial for your trading strategy. I hope this video gives you a few good examples of how to properly use a fibonacci retracement tool. I hope you enjoy the content, and we'll see you on the next video! Thanks


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Work Cited:
Tradingview.com

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