fibonacciretracement
9,085 views
20 Posts
Hot
Latest
Fibonacci Retracement
#Educational
Fibonacci Retracement
Fibonacci retracement is a method of technical analysis for determining support and resistance levels. ratios provide price levels to which markets tend to retrace a portion of a move, before a trend continues in the original direction.
A Fibonacci retracement forecast is created by taking two extreme points on a chart and dividing the vertical distance by Fibonacci ratios. 0% is considered to be the start of the retracement, while 100% is a complete reversal to the original price before the move.
Horizontal lines are drawn in the chart for these price levels to provide support and resistance levels. Common levels are 23.6%, 38.2%, 50%, and 61.8%.
#Binance #crypto2023 #BTC #fibonacciretracement #leontech
Fibonacci Retracement
Fibonacci retracement is a method of technical analysis for determining support and resistance levels. ratios provide price levels to which markets tend to retrace a portion of a move, before a trend continues in the original direction.
A Fibonacci retracement forecast is created by taking two extreme points on a chart and dividing the vertical distance by Fibonacci ratios. 0% is considered to be the start of the retracement, while 100% is a complete reversal to the original price before the move.
Horizontal lines are drawn in the chart for these price levels to provide support and resistance levels. Common levels are 23.6%, 38.2%, 50%, and 61.8%.
#Binance #crypto2023 #BTC #fibonacciretracement #leontech
đ Fibonacci Retracement Strategy: Spotting Reversal Points đ
The Fibonacci Retracement Strategy is a powerful tool for identifying potential reversal points in the market. Hereâs how I use it to enhance my trading:
1. Identify the trend đđ â First, I determine the current trendâwhether itâs bullish or bearish. This sets the stage for applying Fibonacci levels.
2. Apply Fibonacci levels đ â I draw Fibonacci retracement levels from a significant high to a low (or vice versa) to identify key support and resistance areas. Common levels include 23.6%, 38.2%, 50%, 61.8%, and 76.4%.
3. Look for confluence đŻ â I combine Fibonacci levels with other technical indicators (like moving averages or trend lines) to confirm potential reversal zones. The more confirmation, the stronger the signal!
4. Plan entry and exit đ â I set buy orders near Fibonacci support levels in an uptrend or sell orders near resistance levels in a downtrend. This helps maximize potential gains while managing risk.
Fibonacci retracement is not just about predicting price action; itâs about enhancing your overall strategy. Are you ready to incorporate this powerful tool into your trading? Letâs unlock those market moves together!
#fibonacciretracement #tradingStrategy #marketanalysis #CryptoGains
The Fibonacci Retracement Strategy is a powerful tool for identifying potential reversal points in the market. Hereâs how I use it to enhance my trading:
1. Identify the trend đđ â First, I determine the current trendâwhether itâs bullish or bearish. This sets the stage for applying Fibonacci levels.
2. Apply Fibonacci levels đ â I draw Fibonacci retracement levels from a significant high to a low (or vice versa) to identify key support and resistance areas. Common levels include 23.6%, 38.2%, 50%, 61.8%, and 76.4%.
3. Look for confluence đŻ â I combine Fibonacci levels with other technical indicators (like moving averages or trend lines) to confirm potential reversal zones. The more confirmation, the stronger the signal!
4. Plan entry and exit đ â I set buy orders near Fibonacci support levels in an uptrend or sell orders near resistance levels in a downtrend. This helps maximize potential gains while managing risk.
Fibonacci retracement is not just about predicting price action; itâs about enhancing your overall strategy. Are you ready to incorporate this powerful tool into your trading? Letâs unlock those market moves together!
#fibonacciretracement #tradingStrategy #marketanalysis #CryptoGains