Who is the Fibonacci Queen?

Who is the Fibonacci Queen?

Carolyn Boroden
Carolyn Boroden is a top-notch technical analyst, who specializes in advanced Fibonacci strategy, in addition to a published author. With over 30 years under Carolyn’s belt, she has helped countless traders grasp the concept of Fib (including John himself).

Why does Fibonacci work in trading?

When used by a vast number of traders, the Fibonacci studies themselves may become a major factor influencing the market. Most of the time, the Fibonacci studies work due to the cascade effect, which arises because of the huge number of traders artificially creating support and resistance levels.

Is TradingView free?

TradingView is a cloud-based charting and social-networking software for both beginner and advanced active investment traders. Basic charting, research, and analysis information are available with a free account.

Does Fibonacci really work?

While Fibonacci retracement levels give you a higher probability of success, like other technical tools, they don’t always work. You don’t know if the price will reverse to the 38.2% level before resuming the trend. Sometimes it may hit 50.0% or the 61.8% levels before turning around.

What do Fibonacci retracement levels mean in TradingView?

Fibonacci extension levels indicate levels that the price could reach after an initial swing and retracement. TradingView has a smart drawing tool for Fibonacci retracements and one for Fibonacci extensions that allow users to visually identify these levels on a chart. Both tools are fully customizable and levels can be changed or added.

Who is the Fibonacci Queen in the market?

Introducing: The Fibonacci Queen. Carolyn is a technical analyst with over 25 years of experience. She focuses on the ratio’s derived from the Fibonacci number series, and she applies these ratios on both the price and time axis of the market, to identify trade setups.

Who is the best expert for Fibonacci trading?

Learn a proven method of technical analysis taught by one of the most highly regarded Fibonacci experts in the industry, Carolyn Boroden. The best part about this analysis is that when used correctly, the trades have very defined risk, with excellent reward scenarios.

What does it mean when price is at Fibonacci extension?

Price tends to come back to these levels before continuing the predominant trend. Fibonacci extension levels indicate levels that the price could reach after an initial swing and retracement.