"Since the beginnings of technical analysis, classical technical patterns have been repeating over and over in all time frames and in all markets.
It’s interesting that these patterns have not changed in centuries. They are truly a reflection of crowd psychology.
Many times you will see the structures of the patterns form with exact Fibonacci ratios. Adding the Fibonacci ratios to these patterns will give the trader an additional tool for timing entries and controlling risk."
I am a financial market analyst based in Porto, Portugal. I provide market forecasts to a group of professional traders, playing a crucial role in assisting them in making well-informed decisions in the financial markets.
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