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Price support and resistance calculations normally involve projecting individual Fibonacci price levels from individual swings - one at a time - then noting areas where these Fibonacci levels cluster together. This is time-consuming and requires expert knowledge of which Fibonacci ratios and swings to use - this is where the WPT (Wave Price Target) module helps.
The WPT module provides automatic Fibonacci price support/resistance zones with a few simple mouse clicks.
Risk Disclaimer and Disclosure Statement
Trade at your own risk. The information provided here is of the nature
of a general comment only and neither purports nor intends to be, specific
trading advice. It has been prepared without regard to any particular
person's investment objectives, financial situation and particular needs.
Information should not be considered as an offer or enticement to buy,
sell or trade. You should seek appropriate advice from your broker, or
licensed investment advisor, before taking any action. Past performance
does not guarantee future results. Simulated performance results contain
inherent limitations. Unlike actual performance records the results may
under or over compensate for such factors such as lack of liquidity. No
representation is being made that any account will or is likely to achieve
profits or losses to those shown. By purchasing the MTPredictor program,
you acknowledge and accept that all trading decisions are your own sole
responsibility, and MTPredictor Ltd, MTPredictor.com or anybody associated
with MTPredictor Ltd including S. E. Griffiths and A. P. Beckwith cannot
be held responsible for any losses that are incurred as a result
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