Fibonacci Calculator - Investing.com
Here is an outstanding Fibonacci calculator to use for typical retracements and for breakouts. Fibonacci charts and numbers often work because many stock market investors and institutions believe in them. Thus, they are a self-fulfilling prophecy. Whether you believe in Fibonacci numbers or not, you need to be aware of what other stock market traders will probably do.
Another excellent page at Investing.com is the Economic Calendar. You can look at what is happening today, tomorrow, this week, and next week. For example, if you know the dates of the next Federal Reserve meeting, you could set up a short or long trade ahead of the meeting based on what you think the Fed will do. You could also monitor stock market reactions to various data coming from different sources. If you do your homework, you could make money being on the right side of trades at critical moments.
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