This article is taken from the Trader's Journal magazine (May 2008 issue)
The author, Joe DiNapoli, is a veteran trader with over 40 years of solid market trading experience. He is also a dogged and thorough researcher, an internationally recognized lecturer, and a widely acclaimed author. Joe, a registered C.T.A. for over 15 years, has taught his techniques in the major financial capitals of Europe, Asia, Russia, the Middle East and South Africa as well as in the United States. His articles have appeared in a wide variety of technical publications worldwide.
- Joe DiNapoli discusses using Fibonacci analysis to establish logical profit objective points. His use of DiNapoli Levels is a simple, effective way to use Fibonacci analysis to profit in any markets
Technical analysis techniques range from the opaque to the incomprehensible. They can be totally useless or amazingly accurate. Almost every trader who has been involved in the market for any length of time, has heard that Fibonacci numbers and Fibonacci ratios can be applied to the markets… But, few know how to use them effectively.
