How can I use Fibonacci retracement in trading?
Zusammenfassung der Redaktion
- Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur based on prior price movement.
- To apply Fibonacci retracement, select a significant high and low point on your chart to generate percentage-based levels where the price might reverse.
- Traders often look for price to bounce off the Fibonacci levels, entering trades at these points in anticipation of a continuation or reversal of the current trend.
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