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• Combining Fibonacci Retracements And The RSI by Ingo W. Bucher

  ARTICLE SYNOPSIS ...Combining Fibonacci Retracements And The RSI by Ingo W. Bucher Combining the two can help identify significant support and resistance levels. Many of you have used the relative strength index (RSI) and Fibonacci retracement levels independently, but have you ever considered analyzing the behavior of Fibonacci retracement levels on the RSI? It may seem remote, but this technique could have some advantages over the commonly used 70?30 overboughtoversold level of the RSI. In addition, there is a great deal of information between the overbought and oversold levels that could be exploited more ef...

AUTHOR: Ingo W. BucherDATE: MAR 2003SUBJECT: Charting