One of the issues with trading is that the market seems to be on a quest to teach you to trade badly. It amplifies every bit of insecurity and paranoia you may have and in doing so it ramps up your FOMO. The charts below are of London Cocoa taken at different intervals and they…
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Traders for decades have tried to use Fibonacci numbers to predict where markets will go. Sadly like most things to do with trading, they are completely unaware of their history.
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