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:
- 76.4% Fibonacci Retracement Levels predicts three major turning points for Straits Times Index
- Fibonacci Retracement Levels scores hat-trick with Hang Seng Index
- 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.
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's Twitter account @sohtionghum
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"I do not have a financial advisor's license. I am not qualified by any regulator to give financial advice. I do not know you the reader. Your investment means and motive may be different from me. My posts here are based on observations and meant for education. I am not responsible for for any consequence from your actions."