A field guide to Fibonacci

Description

Pick a high and a low, and a ladder of lines appears: 23.6, 38.2, 50, 61.8. Sooner or later a pullback stops right on one of them, and it’s hard not to feel the market was watching the same chart.

This book asks the questions that feeling skips. Which high and which low should the ladder hang from? Should it use wicks or closes? How close to a line counts as a touch? With half a dozen lines spread across a move, how often would price stop near one of them even if none of them meant anything?

A Field Guide to Fibonacci gathers every common Fibonacci tool into one practical handbook:

• Retracements and the standard ladder, the golden pocket, extensions and projections, each defined so it can be drawn the same way every time.
• Fans, arcs, time zones, channels, spirals and pivot points, with short entries on each.
• Look-alikes, including Elliott waves and harmonic patterns, and how they differ from plain Fibonacci levels.
• Sixteen setups that traders describe, from pullbacks into the zone between 50% and 61.8% to breakouts toward the extensions. Each is written as an exact rule, with its entry, stop and target.
• Trade planning around the levels: entries, stops, targets, position size, and managing a trade once it’s open.
• Five swings followed from start to finish on real charts.
• What chance alone produces. Every level and every setup is run on thousands of random price series, where the levels can mean nothing. This shows what to expect before a real result can count for anything.

It covers stocks, futures, forex and crypto. It is written for beginners and early-intermediate traders who want rules rather than folklore.

This isn’t a system to copy, and it makes no promises about profits. It’s a field guide: here’s the rule, and here’s where it fails.

Coming soon from OBOS Publishing.