Projected Fibonacci Targets by Mohab Nabil
Hereís a new technique for determining
price targets after a breakout
from a previous price swing.
which is employed
by practitioners of
various sciences such
as astronomy, mathematics, and architecture, also has a
role in projecting price targets of
financial securities. After working
with Fibonacci ratios› for several
years, I developed a new technique
for determining price targets after a
breakout (up or down) from previous
price swings, which I call projected
Fibonacci targets (PFT).