Candlesticks, Fibonacci, and Chart Pattern Trading Tools : a synergistic Strategy to Enhance Profits and Reduce Risk

USER MANUAL WINPHI: GETTING STARTED
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CHARTING CORRECTIONS
Corrections are a trading tool for analysis in price. The WINPHI pro-
gram draws the retracement lines of 38.2 percent and 61.8 percent
between highs and lows of choice.
Click the 
P1
speed button to mark the 
High
(or the 
Low
).
Move the cursor to the 
High
of choice in the chart and click with the
left mouse button.
Click the 
P2
speed button to mark the 
Low
(or the 
High
).
Move the cursor to the 
Low
of choice in the chart and click with the
left mouse button.
Click the 
Draw
speed button with the right mouse button. Click with
the left mouse button on 
Corrections
from the list. A bullet point
will appear next to the word 
Corrections.
Left-click the 
Draw
speed button again. The
retracement lines of 38.2
percent and 61.8 percent
will appear on the chart.
Click the 
Clip
speed but-
ton, and the retracement
lines are saved on the
screen. We can overlay
the screen with any of the
other Fibonacci tools as
well.
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USER MANUAL WINPHI: GETTING STARTED
CHARTING EXTENSIONS
Extensions are used as Fibonacci trading tools to forecast trend re-
versals in the markets. The common Fibonacci ratios applied are 0.618,
1.000, 1.618, and 2.618.
Click the 
P1
speed button to mark a signif icant 
High
(or a 
Low
).
Move the cursor to the