Fibonacci Numbersįibonacci Retracement uses a set of numbers called Fibonacci Numbers to try to show support and resistance levels in the price of an asset. So without any further ado, let’s dive right into it. We will also discuss the advantages and disadvantages of the indicator so that you know how to safely use it in future if you wish to. In this article, we will discuss what Fibonacci Retracement is and in what scenarios they are most commonly used. It is mostly used by advanced traders who have mastered the patterns and can use them efficiently to their advantage, but you can learn about it too. While it can be very effective in deciding entry and exit positions in a market, it can also be very risky if not properly used. One of the most commonly used and also highly misunderstood technical indicators is the Fibonacci Retracement.
0 Comments
Leave a Reply. |