Once you have studied Fibonacci you will be able understand and further your technical analysis of shares by recognising Gartley Patterns.

Gartley patterns are a price pattern based on Fibonacci numbers/ratios. They can be used to determine buy and sell signals by measuring price retracements of a share's up or down movement in stock price.    Named after the pattern that appears on page 222 of H.M Gartley's work "Profits in the Stock Market" published in 1935. Gartley's describes in his book a pattern that is a “re-test” of an important top or bottom.

The pattern is an AB = CD parallel move attempting to make a new high or low. When properly identified, it enables you to enter with the trend in a high probable reversal zone with minimal risk. This pattern remained largely unknown for sixty years until Larry Pesavento published "Fibonacci Patterns with Pattern Recognition" in 1997.

Once you understand the patterns, it will open a new visual dimension to your pattern recognition capabilities, as well as improve your trading information  before deciding to trade.