fibonacci retracement chart toolmauritania pronunciation sound

Welcome back for some more chart analysis practice. More importantly for the financial community, this ratio described how consecutive numbers related to each other. As we know, markets trend up and down, pause to retrace (consolidate, correct) then continue onward. They are extremely popular with technical analysts who trade the financial markets, since they can be applied to any timeframe. If you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. 120 PIPS TP AND A -40 PIP SL $85.81 & $91.50. $EURUSD $USDJPY $EEM $GLD $TNX $TLT $SPY $QQQ #Currencies It works best on all markets and time frames.

Watching for break of trendline to add.
Shall R1, ~36x$ breached, ready for solid rally towards: Growing channel, with bounce to fibo level 61.8% and we have beak trend line. UPDATE of fractal configuration of $GE Look the running swing trades below - Key structural resistance

Points to consider, KNCUSDT has established consecutive higher lows under key structural resistance; this gives us a... 1.33329Tp3 Today’s Analysis – KNCUSDT – bullish price action trading into its apex where a break will be imminent. Fibonacci was an Italian mathematician who came up with the Fibonacci numbers. Breakout imminent pre earnings. One of the best ways to use the Fibonacci retracement tool is to spot potential support and resistance levels and see if they line up with Fibonacci retracement levels. - is in b wave of y of (X) wave up, so stay long for c wave up to complete the sequence of y wave in (X). Momentum & price action suggest final accumulation round post-COVID plunge has completed. Waiting for another drop before move upwards. All of these are Fibonacci levels. Major resistance at All Time High $84.68. 1.33960 TP1 My prediction Can't quantify FOMO power, if market overheat, watch for reaction near $1,000 mark, of coz~ In any market (bull or bear), the corrections usually end near golden ratio or one of the other Fib retracement levels. Fibonacci calculator for generating daily retracement values - a powerful tool for predicting approximate price targets. - 21 MA support Market is panicking as a reaction to negative report, specifically about unsatisfying figure of Earnings Per Share. PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU. Fibonacci retracement levels indicate levels to which the price could retrace before resuming the trend. Set New Fibonacci Percentages. Market technicians have long known that market retracements tend to end at the 50% level as well as at one and two thirds. The Fibonacci sequence starts like this: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, ..., where any number in the sequence is equal to the sum of the preceding two numbers. It's a simple division of the vertical distance between a significant low and a significant high (or vice versa) into sections based on the key ratios of 23.6%, 38.2%, 50% and 61.8%. BUY Execution according to the market. Add or delete Fibonacci levels by right-clicking on any Fibonacci Line and selecting Fibonacci Drawing Options (or select Draw >> Draw Options >> Fibonacci from the chart menu).

A retracement of 100% of the move provides a very strong support/resistance line.

1.33713 Tp2 This "golden ratio" of .618 was applied to numbers by the thirteenth century mathematician Leonardo Fibonacci. Will need a 5 wave impulse and 3 wave correction to confirm If Fibonacci levels are already support and resistance levels, and you combine them with other price areas that a lot of other traders are watching, then the chances of price bouncing from those areas are much higher. Hello Traders!

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