Fibonacci Retracement Ratios pinpoints STI levels with deadly accuracy

Fib Retracement Ratios capture Straits Times Index turning points

We have emphasised once and again how powerful Fibonacci Retracement Ratios are by being able to predict turning points in currency pairs and stock indices. See our stories:

  1. 76.4% Fibonacci Retracement Levels predicts three major turning points for Straits Times Index
  2. Fibonacci Retracement Levels scores hat-trick with Hang Seng Index
  3. Technical analysis: N225, HSI, STI price action rejects Fib ratios

Here we go again when Fibonacci Retracement Ratios score beyond the hat-trick by capturing price action of the Straits Times Index in this chart – 2 turning points fitting ratios to the dot in the last 2 months.

Straits Times Index

 

 

Don’t be left behind

To put the message clearly once and for all, whoever is not acquainted with trading Fibonacci Retracement by now is going to be outclassed because this is the phenomenon that is so unstoppable and penetrating very soon into every financial market.

Fibonacci Retracement concepts are cornerstone of Tflow® Forex Strategy

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Soh Tiong Hum is Director of TerraSeeds Market Technician Pte Ltd. TerraSeeds is a trading educator in Singapore since 2005. Soh Tiong Hum is a member and regular speaker at Technical Analysts Society Singapore events and has a bi-monthly lunch time event at IG Singapore on forex and stock markets. He is an avid blogger on technical analysis topics; his Twitter account @sohtionghum was ranked #23 out of The Top 70 Twitter Accounts To Follow In 2015 by MahiFX. Come find Tiong Hum on Google+
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