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
4.5
Overall Rating
77%
6%
9%
0%
8%
Reviews
N
Naveen
5
Very nice
R
Rakesh Pillewan
5
NSE OR BSE MAI TRANDING KRNA HAI
K
Karan padekar
5
good
P
Prem Chhaparwal
5
The Complete Stock Market Technical Analysis Course , iske bad second corse ka kya naam h
G
Gautam bhuriya
5
Study
C
Chirag paswan
5
Best course forever
S
Siddeshwar Kokane
4
Great!
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....
Share a personalized message with your friends.