We'll continue with the Fibonacci training #2 on the 18th of April 2016, which is a monday. Again a little Fibonacci story with, hopefully you'll agree with me, a decent explanation. This time we can see the Fibonacci Retracements reacting to the Fibonacci Extensions (and over-extensions). It seems almost too much a reflection of real life, right?
Before you ask: yes I watched many episodes on National Geographic Channel. Life is great, especially when it can be analyzed on charts, using mathematical solutions. They turn into little bedtime stories for toddlers, if you'll transpose some of the words.
If you missed the first Fibonacci Training I shared, it's linked in the 'related ideas' below. Please let me know what you're thinking by commenting, and have a great time trading.