Select two noteworthy points from a stock's chart, often the highest and lowest points during a specified period of time, and divide the vertical distance by critical Fibonacci ratios to find probable support and resistance levels.
Traders can utilise Fibonacci retracement levels to detect price consolidation or reversal points because they represent regions of support and resistance. These levels aren't always precise, but when applied right, they can be remarkably accurate.
The Fibonacci retracement technique is used in this simple intraday trading setup. This intraday approach uses a 3-minute chart timeframe. Surprisingly, you may trade stocks, equity indices, commodities, and even currencies with this arrangement.
23.6 percent, 38.2 percent, 50 percent, and 61.8 percent retracement are essential Fibonacci ratios that assist traders determine the likely extent of the retracement and position themselves for the trade properly.
From atoms to massive stars in the sky, the golden ratio reveals predictable patterns. The ratio is derived from the Fibonacci sequence, which was named after Leonardo Fibonacci, an Italian mathematician. Nature and the financial markets both appear to employ this ratio to maintain equilibrium.
Learner's Ratings
4.4
Overall Rating
77%
6%
10%
0%
7%
Reviews
R
Raju Ahirwar
5
we like
A
Ayushsinh rana
5
thank, this is a very helpful 🤩
K
Karan padekar
5
SIR YOU ARE BEST TEACHING FOR THE TECHNICAL ANALYSIS IN STOCK MARKET, SIR ONE REQUEST FOR YOU SEND THE PDF OF CANDLESTICK PATTERNS,CHEART PATTRNS...
THANKS YOU SIR....
W
Waris Khan
5
Best Course For Technical Analysis
A
aayush rathor
5
I think you are giving best content in free of cost
A
Ainul Sk
5
Parmanu sar bahut achcha sikhate Hain bahut best parvaan sar aapko Dil Se kahta hun aap bahut dhanyvad bahut acche karte ho aap acche se confidence achcha samjhate Ho. Main yah puchna chahta hun ismein Mani SMC in Samsung trading kitne type ka hota Hai sare type ko Apne cover kiya ke technical analysis mein sar please bataiyega
S
Satyajit Malla
5
Best part
G
Gopal Gondliya
5
Technical analysis is a so beautiful topik and more beautiful is yash parmar sir ,his teach work is excellent 👌
Share a personalized message with your friends.