Fibonacci Retracement

Fiabilité : ★★★★★

Levels 23.6%, 38.2%, 50%, 61.8%, 78.6% drawn on a move. Likely retracement zones.

In detail

Based on Fibonacci sequence, these levels are natural supports/resistances. The 61.8% (golden ratio) is closely watched. Heavily used in combination with other tools.

🎯 How to trade

Draw from low to high of an impulse. Buy on retracement to 0.5-0.618 with confirmation. Stop just beyond 0.786.

#fibonacci #support-resistance #classic