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Fibonacci indicator

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Trader and Investor on Instagram: "What Are Fibonacci Retracement Levels, and What Do They Tell You? Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points. Chart Patterns and Signals For Educational Purposes 📈📉 📚 Please join @tradingsecrets2200 . . . . #forex#forexmarket#s Fibonacci Retracement, Stocks Trading, Support And Resistance, Fibonacci Sequence, Intraday Trading, Fundamental Analysis, Trading Charts, Horizontal Lines, Day Trading
Fibonacci Retracement
Stocks Trading
Support And Resistance
Fibonacci Sequence
Intraday Trading
Fundamental Analysis
Trading Charts
Horizontal Lines
Day Trading

Fibonacci Retracement

Trader and Investor on Instagram: "What Are Fibonacci Retracement Levels, and What Do They Tell You? Fibonacci retracement levels—stemming from the Fibonacci sequence—are horizontal lines that indicate where support and resistance are likely to occur. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The…

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