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.
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Akash Kumar
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Bhupendra Yadav
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Sir Its Very Ausome Course And Your Tecnic Is Very For Teaching
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Deepanshu Singh
5
Best Technical Analysis Course....
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md arman
5
i watch this 4,5 times but really i don't understand the topic.
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Parshuram Bagade
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Very nice explaination about stock market
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Subham Kumar sahu
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Option trading course
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Prasoon Dixit
5
As we know in fundamental basics we need to follow the two approaches 1 top-down approach 2nd Bottom-up approach.Kindly give some examples of bottom-up approach and top-down approach,(Discussion box?)
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Dinesh Kumar
5
yash sir options video ke liye intezaar rahega
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Hemant Saini
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SIR optional treading ke ek proper video lavo ,us m pura smjavo na , Plese SIR .
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