Fibonacci Retracements: Explained With Real Chart Examples For Trading And Investing

This comprehensive guide by Simon Milgard goes far beyond the usual introduction to Fibonacci tools—it’s a practical, real-world manual for understanding how retracements truly behave on live charts. The author doesn’t just explain ratios; he teaches traders how to draw, confirm, and validate Fibonacci levels with precision using a concept called the confirmation triangle. Whether analyzing stocks, commodities, forex, or cryptocurrencies, Milgard reveals how these ratios act as dynamic support and resistance zones that evolve with price.

Each chapter translates the abstract beauty of Fibonacci mathematics into tangible price behaviour, showing how to identify swing points, measure effective time ranges, and recognize when fib levels lose reliability. Instead of focusing on theory, Milgard’s examples mirror real trading sessions—highlighting where traders succeed or fail to act. The result is a book that functions like a field guide for traders who want consistent, methodical structure in their price analysis.

Core Concepts:

At its core, this book trains you to think contextually—every fib level exists within a broader trend narrative. You learn how to spot reliable swing highs and lows, draw retracements in both up- and downtrends, and confirm them through interaction with prior support and resistance. The text builds the trader’s eye to interpret not just where price may react, but why it does so.
Milgard emphasizes that Fibonacci retracements are zones, not exact numbers, and explores how time, volatility, and volume affect their reliability. He explains the limitations of fibs in intraday setups versus longer-term structures and outlines how to align retracement zones with chart patterns, indicators, and fundamentals for stronger confirmation. Readers also learn how to manage risk, place stops, and plan entries based on realistic retracement behaviour instead of textbook perfection.

Inside the Chart:

Dozens of real chart examples—spanning equities, forex, oil, and crypto—bring the theory to life. Each image is dissected with clear reasoning: how the fib was drawn, what the market context was, and how price interacted with each level. You’ll see how major reversals form around 0.382, 0.5, and 0.618 levels; how flat price action or congestion confirms future zones; and why “effective time range” determines when a fib remains valid. Milgard even demonstrates combining multiple retracements from different timeframes to identify high-probability confluence zones, offering traders a true multi-dimensional edge on their charts.

Author’s Edge:

Simon Milgard’s strength lies in merging precision with practicality. Unlike educators who treat Fibonacci as mystical, he presents it as a quantifiable, rule-based structure adaptable to any market. His concept of the validation triangle—a method to confirm fib reliability—is rarely discussed elsewhere. Through years of live chart study, he distills Fibonacci usage into a disciplined framework that respects both mathematics and market psychology, making this one of the most actionable Fibonacci manuals available.

Fibonacci Retracements: Explained With Real Chart Examples For Trading And Investing By Simon Milgard