- A tutorial as to how you can draw a fibonacci retracement for an uptrend and a downtrend. There is also an explanation as to how you can add more fibonacci l..
- Part 1: This is how you draw a negative Fibonacci retracement that first reacts off the 61.8% Fibonacci retracement before dropping beyond point 2 (the ending point). Part 2: You can see how price drops really nicely to the -27.2% Fibonacci retracement level where it bounces up
- I often get asked how to draw Fibonacci Retracements. There are really two main rules. It's all about keeping it simple.Watch more videos on http://ratiotrad..
- You can select Fib retracement in your side menu bar (top menu bar on mobile): Here are my settings Fibonacci retracement and extension numbers list (draw a Fibonacci and double click on it to open settings), enter these levels and make sure the Reverse box in style settings is unboxed. To remove background colors unbox Background or draw opacity.
- Fibonacci retracement trading strategy for beginners. Steps how to draw and use Fibonacci to find strong support resistance levels. Learn to trade (full guid..

** How To Draw A Fibonacci Retracement | Nifty 50 Example | Fib Retracement | Golden Ratio - YouTube**. Ad - Prosper Trading Academy 103 Scott Watchlist 3 Kinetic A 16 9 v1. Watch later. Share This simple video shows how Chris and Nenad draw the Fibonacci tool on the chart. To receive a free eBook send an email to info@elitecurrensea.co Fibonacci Retracements are an extremely popular tool in technical analysis. They are created by first drawing a trend line between two extreme points. The vertical distance between those two points is then divided up vertically with horizontal lines placed at key levels at the key Fibonacci Ratios of 23.6%, 38.2%, 61.8% and 100% How to Use a Fibonacci Retracement. This is easy. To use a Fibonacci retracement, pull up a chart of a stock and time frame you want to research Next, select the Fibonacci retracement tool, and the software does the work for you. Let's take a look at an example from StocksToTrad The Fibonacci levels are %-based which means that even when you draw them differently, they will often line up correctly. Step 1 - Find an 'A to B' move. To use the Fibonacci retracements, you have to first identify an 'A to B' move where you can use the Fibonacci retracement tool. What do we mean with 'A to B'

Draw a trend line (the so-called base line) connecting the extreme points you have picked. For an uptrend, you'll draw this line from minimum to maximum. Finally, Fibonacci retracement can provide you not only with correction levels, but also with some targets ** Step 2) Select the Fibonacci retracement tool from the chart tools**. Step 3) Use the Fibonacci retracement tool to connect the trough and the peak. After selecting the Fibonacci retracement tool from the charts tool, the trader has to click on trough first, and without un-clicking, he has to drag the line till the peak. While doing this, simultaneously, the Fibonacci retracements levels start getting plotted on the chart The **Fibonacci** **retracement** tool measures an instruments prior move high and low. After identifying, a trend line is drawn from trough to peak (in the case of uptrends) or the reverse (in downtrends). Horizontal lines representing percentage **retracement** levels of this initial move correspond to **Fibonacci** ratios

- Steps To Draw A Fibonacci Retracement In An Uptrend: Find the swing low (identified as 1 on the chart below) and find the swing high point (identified as 2 on the chart below) then click the fibonacci retracement/extension icon as shown above on the MT4 trading platform and first click on point 1 and drag to point 2
- ute time period chart and plot the high and low points going back up to three months. The key is to have a very distinct high and low. In the illustration of Apple, Inc. (NASDAQ: AAPL), the fib low point was 89 on 5/13/2016 and the high point was 100.73 on 5/26/2016
- The Fibonacci retracement settings are crucial because they can be drawn between two significant price points, like a low and a high. This helps you know the entry and exit points in a trade. How to Use Fibonacci Extension
- If the retracement is above 50% (For e.g. 23.6%, 38.2%) Levels, you CANNOT take that as a bottom and use it to draw Fibonacci Retracement. For example, in this image we have taken Point 1 as the low and Point 2 as high
- Here are only 2 simple rules on how to draw a fibonacci retracement but before you do that, first, you need to find out if the market is in an uptrend or downtrend. T hen find out the price level where the uptrend or downtrend started. In simple terms, find out the start of that uptrend or downtrend

Applying our Fibonacci retracement sequence, we arrive at a 38.2% retracement level of 111.42 (from the 113.94 top). Following the retracement lower, we notice the stochastic oscillator is also. Fibonacci Retracement from bottom to top in an uptrend In an uptrend, click and hold the Fibonacci cursor at the bottom of the trend and drag it to the top of the trend. If you drew it correctly, the bottom of the trend would be your 100 level and the top of the trend would be your 0 level. How to draw the Fibonacci Retracement Tool in a Downtren How To Draw Fibonacci Retracement Levels To create Fibonacci retracement levels, a trader needs to find two extreme points (top and a bottom) on the crypto asset such as the Bitcoin chart and dividing the vertical distance by the key Fibonacci ratios such as 23.6%, 38.2%, and 61.8%. The most commonly used of the three levels is 0.618 To calculate Fibonacci retracement levels, technical analysts draw six lines on an asset's price chart. The first three are drawn at the highest point (100%), the lowest point (0%) and the average (50%). The remaining three lines are drawn at 61.8%, 38.2% and 23.6%, which are significant percentages in the Fibonacci sequence Fibonacci retracements are particular key levels calc u lated according to 2 swings, i.e. inversion points. The idea behind Fibonacci retracements is to create some key levels in the price range between these two swings according to pre-defined fractions. The most important fraction is 0.618, which is related to the golden ratio (1.618)

The 61.8% Fibonacci retracement level held, as price bounced there before heading back up. If you had set some orders at that level, you would have had a perfect entry! Take note though, as with other drawing tools, drawing trend lines can also get pretty subjective Learn how to draw and trade Fibonacci retracement levels using this simple yet very profitable fibs trading strategy. In technical analysis, Fibonacci retracement levels are created by taking two extreme points (usually a major high and low) on a chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100% * I was able to draw only technical indicators like Linear,SMA,EMA,MACD in highcharts*. But is there any js like technical-indicators.src.js is avilable in highcharts to draw fibonacci retracement i

** Fibonacci Retracements**. Description. Fibonacci retracements are an important element of Elliott Wave Theory. Being a combination of a trendline with several horizontal levels (distant from each other based on Fibonacci ratios), they are said to be a powerful tool for determination of price objectives. If the trendline is defined correctly, the 38% and 62% retracement levels are the most important How to draw Fibonacci Retracements By Darren Chu, CFA In Product , Guides December 20, 2018 One of the most widely followed mathematical indicators in cryptocurrency trading - the Fibonacci - is based on the Golden Ratio commonly observed throughout nature, and suggests that following a clearly defined trend move, the market retraces a certain percentage of the directional move Fibonacci retracement levels. Let's get started! You can draw with the Fibonacci retracement tool and the Trend-based Fib Extension. It's available on your metatrader 4 and is also available at Tradingview.com.All of the charts shown here were made there The Fibonacci retracement levels are derived from the various Fibonacci ratios, which are, in turn, derived from the Fibonacci sequence of numbers. Discovered by an Italian mathematician, Leonardo de Pisa (nicknamed Fibonacci), the Fibonacci number sequence is a numerical series in which each number in the series — with the exception 0 and 1 — is the sum of the two numbers before it The Fibonacci retracement tool should only be used at a time when you believe that the current move is merely a retracement, rather than a reversal. That means that the price is not expected to pass through the 100% mark, instead turning back in the direction of the initial move

- If you didn't draw the Fibonacci retracement lines in, you can still tell just by looking at the chart that the stock has retraced 50% of the previous move. If drawing the lines in helps you to better visualize the fib levels, then by all means use it! The choice is up to you
- How to draw a Fibonacci Retracement First select on the Fibonacci Retracement tool from the drawing section at the right side of the window (1). Next, click-and-hold your mouse at the start of a significant price move (2), then drag your mouse to the end of that price move (3) while keeping on holding down the mouse button
- Here a Fibonacci Retracement manually drawn between a low and a high in a short-term uptrend on a hourly chart for a currency pair. Price falls through the 23.6% and firms up at roughly the 38.2% providing a re-entry point for a long
- Retracing fibonacci works very well, but only if it is properly drawn. There are numerous ways of drawing them, and I can say with confidence that the majority of online content is unfortunately incorrect. However, I hope to show you today how to properly draw a Fibonacci Retracement to search for key buying and selling levels. This is the first step to unlock the key to profitable Forex trade.

* The 50% retracement is not based on a Fibonacci number*. Instead, this number stems from Dow Theory's assertion that the Averages often retrace half their prior move. Based on depth, we can consider a 23.6% retracement to be relatively shallow Retracement levels for a stock are drawn based on the prior bearish or bullish movement. To plot the retracements, draw a trendline from the low to the high within a continuous price movement - Fibonacci retracement lines should be placed at 61.80%, 38.20%, and 23.60% of the height of the line

- How do I draw Fibonacci retracement levels? Most trading platforms have a tool which allows you to do this quickly and easily. We have used eToro in this example, but all the reputable platforms.
- This is a new indicator that uses Murrey Math formulas to find the tops and bottoms, then uses those tops and bottoms to
**draw**long-term**fibonacci****retracement**levels. The genius of Murrey was his geometric formulas to calculate the right place to start plotting the lines, but I think the**fibonacci**ratios typically seem more accurate than the MM line ratios - Fibonacci Retracement. Fibonacci Retracement is built as follows: first, a trendline is built between two extreme points, for example, from the trough to the opposing peak. Then, nine horizontal lines intersecting the trend line at Fibonacci levels of 0.0, 23.6, 38.2, 50, 61.8, 100, 161.8, 261.8, and 423.6 percent are drawn

Draw the fibonacci retracement on the next swing wave. Watch for zones where the fib levels meet the trendline. Wait for confirmation as price hits this intersection. Confirmation is candle in the trend direction. SELL SETUP - Combine FIb Retracement with Trendlines How to use fibonacci retracement to enter trades on a price swing Like we said before,to draw Fibonacci retracements, You need to pick a swing low and swing high. Then connect the two with the Fibonacci retracement tool

In this lesson, we're going to teach you how to combine the Fibonacci retracement tool with your knowledge of Japanese candlestick patterns that you learned in Grade 2.. When combining the Fibonacci retracement tool with candlestick patterns, we are actually looking for exhaustive candlesticks Fibonacci retracement levels are horizontal lines that correspond to Fibonacci numbers in percentage form. These levels range from 23.6%, 38.2%, and 61.8%. 0%, 50%, and 100% are also included in the Fibonacci retracement levels, although they are not part of the Fibonacci number sequence How to draw a fibonacci retracement For an uptrend, pick a lower low, place the Fibonacci icon, click, hold and drag upwards to connect to the higher swing. For a downtrend, pick a higher high, place the Fibonacci icon, click, hold and drag downwards to connect to the lower... Then release the. Draw Fibonacci retracement and extension grids to identify hidden support and resistance that may come into play during the how to draw fibonacci extensions life of a trade Fibonacci Extensions. First, draw squares in a counterclockwise pattern on the piece of paper using the Fibonacci sequence

Combine Fibonacci Retracement with Trendlines. The main aim of the Fibonacci retracement is to signal the most reliable support and resistance levels. But what if I told you that you can confirm the signal by drawing a trend line. And if the trend line and the Fibonacci levels collide,. Fibonacci retracement levels are considered a predictive technical indicator since they attempt to identify where price may be in the future. The theory is that after price begins a new trend direction, the price will retrace or return partway back to a previous price level before resuming in the direction of its trend Fibonacci Retracements are displayed by first drawing a trend line between two extreme points. A series of six horizontal lines are drawn intersecting the trend line at the Fibonacci levels of 0.0%, 23.6%, 38.2%, 50%, 61.8%, and 100% How to draw the golden section technical line (Fibonacci retracement line) on the foreign exchange MT4 software? by yinqiong · October 28, 2020. There are many trading varieties in the foreign exchange market, currencies of various countries, crude oil, gold, etc

- The Fibonacci Retracement Mistakes Causing Painful Losses. Every experienced trader has at some point used Fibonacci retracements. Some resort to it on a regular basis, while others do it only occasionally. The frequency of use does not really matter if one utilizes this powerful tool correctly every time
- Fibonacci Retracement levels are a component of technical analysis that can assist traders in analyzing and trading market trends and channels. When used to help identify pullbacks and price reversals, Fibonacci Retracements rely on calculated levels to provide insight. The most frequently used Fibonacci Retracement levels on charting software are 38%, 50% and 62% pullbacks [
- We will draw Fibonacci on retracement and then we will get the fibonacci extension level. Retracement to 61.8 level indicates a strong trend. If the price retraces to 50 Fibonacci level then our target will be at 1.618 fibonacci extension level
- ing market context and spotting important pivot zones (places where price is likely to encounter support or resistance). By themselves, you probably won't find these retracement levels all that useful, but in combination with other indicators or price analysis, you may find them very helpful

To draw a Fibonacci Forex retracement, the first thing you do is find a strong upward or downward trend. Then spot the swing high and the swing low points within that trend. A swing high is identified as the highest point and a swing low is the lowest point over a given period How to Apply a Fibonacci Retracement. If you would like to try drawing Fibonacci retracements, this tool is available on IG's platforms, and can be accessed with a demo account To use Fibonacci Retracement, a pattern is drawn between a high and a low point. The numbers then show the support and resistance levels between those points. To illustrate, we will use the ETH/USD chart below. It is not the best setup, but we will just use it for illustration purposes The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. The indicator is valuable since it tends to be drawn between any two significant value focuses, a high and a low. The marker, at that point, will make the levels between those two points of focus Fibonacci Retracement Levels are horizontal lines that denote support and resistance levels for a particular asset's price chart. The lines are drawn based on the Fibonacci sequence and are found at different levels depending on the starting and ending prices

Td ameritrade how to draw fibonacci retracement best coffee company stocks. Unless, of course, it s a Good Til Canceled GTC order in which case, it stays in Working Orders until you manually cancel fx options trading demo account literature review on option trading strategies or a corporate action kills it coinbase trading platform sepa deposit coinbase Fibonacci retracement trading uses Fibonacci levels to indicate potential reversals in price movements during a strong upward trend. The Fibonacci retracement indicator is based on so-called retracements, which means periods in which the price moves against the trend, after which it moves back in the trend direction.These movements last for short periods

What is Fibonacci Retracement and How to Use It. What is Fibonacci Retracement? Fibonacci is a well-known tool among Forex traders, especially among traders who prefer technical analysis to trade the Forex market.. Fibonacci retracement is based on the work of an Italian mathematician, Leonardo Fibonacci who came up with the sequence that proves that everything in the universe repeats itself. How to draw the Fibonacci retracement levels It is very uncommon for a price to move steadily in one direction over a long time. Indeed, when some unexpected news is causing euphoria or fear among investors, prices may skyrocket, on the chart, this may look promising but trading this becomes very it is crucial at this point to take your position early, otherwise, later entry point will be. How to draw Fibonacci retracement levels. Drawing Fibonacci retracement levels is a simple three-step process: In an uptrend: Step 1 - Identify the direction of the market: uptrend; Step 2 - Attach the Fibonacci retracement tool on the bottom and drag it to the right, all the way to the top How To Draw Fibonacci Retracement Forex Automated Binary. The best new auto trading software: Automated Binary. Get it now for free by clicking the button below and start making money while you sleep

Determination of correction levels: how to draw Fibonacci retracement. According to the rules, the Fibonacci retracement levels tool stretches from beginning to end, there will be no difference in Quik). Thus, the results obtained may be possible for correction. As control and trend transactions Fibonacci Expansions are price levels created by tracking a price's primary move and its retracement. The resulting price levels are then drawn on the chart in an area that would normally be.

Viewing the retracement level. How to Use Fibonacci Retracement Levels . If your day trading strategy provides a short-sell signal in that price region, the Fibonacci level helps confirm the signal. The Fibonacci levels also point out price areas where you should be on high alert for trading opportunities One of the strategies assumes drawing retracement levels on all major price swings to mark where there is a group of Fibonacci levels. Doing this may help you point out a critical price area. Although they can be very helpful, Fibonacci retracements will not always identify the exact inflection points It's important that we dissect in detail the how-tos of using Fibonacci retracements How To Draw Fibonacci Retracement Levels. To create Fibonacci retracement levels, a trader needs to find two extreme points (top and a bottom) como fazer deposito banco neon on the crypto asset such as the Bitcoin chart and dividing the vertical distance by the key Fibonacci ratios such as 23.6%, 38.2%, and. How to draw fibonacci retracement levelsThese price levels, which behave like standard support and resistance but originate in mathematical proportion rather than the how to draw fibonacci retracement levels peaks and lows on a price map, are laid out by Fibonacci grids, which are prepackaged in most charting programs The vertical distance between those two points is then divided up vertically. To create Fibonacci retracement levels, a trader needs to find two extreme points (top and a bottom) on the crypto asset such as the Bitcoin chart draw fibonacci retracement and dividing the vertical distance by the key Fibonacci ratios such as 23.6%, 38.2%, and 61.8%

- Drawing Fibonacci retracements is a pretty simple process, the method you use to draw retracements from up-swings and down-swings differs as I'll now show you. To place a Fibonacci retracement on you charts you must first select the tool from the INSERT tab found at the top of MT4 window
- How to draw fibonacci retracement,How to draw fibonacci retracement. Draw Fibonacci retracement and extension grids to identify hidden support and resistance that may come into play during the life of a trade Combining 3 Fibonacci retracement levels to line up at a certain level can be quite difficult as you will need to master the art of using the Fibonacci retracements > 100% (such as 127.2%.
- Draw fibonacci lines and more directly on your charts. Using drawing tools on the Charts page. Cryptowatch supports an array of charting tools, including Free Line, Fibonacci Retracement, Time Cycle, and many more — 16 to be exact

Its true, 0.5 is not a ratio in Fibonacci sequence but is included in the tool because it marks a 50 percent trend retracement, which price has a funny way of reacting to as support or resistance Draw Your Fibonacci Retracements When ChartNotes is ready, first click on the Fibonacci Retracement tool in the toolbar at the top of the window (#1). Next, click-and-hold your mouse at the start of a significant price move (#2), then drag your mouse to the end of that price move (#3) while continuing to hold down the mouse button

* How to draw fibonacci retracement levels,Fibonacci Retracements are displayed by first drawing a trend line between two extreme points*. Fibonacci Retracements how to draw fibonacci retracement levels are an extremely popular tool in technical analysis How To Place Fibonacci Drawings On The Chart 1. Fibonacci Retracements Places horizontal lines on the chart levels use horizontal lines to indicate areas of support... 2. Fibonacci projections Places horizontal lines on the chart levels use horizontal lines to indicate areas of support... 3.. Fibonacci Retracement and Fibonacci Extensions related to Elliott Wave Suppose you are a new trader trying to learn how to use Elliot Wave Analysis effectively. In that case, you must understand the core relationship between Fibonacci ratios and Elliot Wave Analysis How to draw fibonacci retracements. Fibonacci retracements are an important element of Elliott Wave Theory. Actually, the 50% level really does not have anything to do with Fibonacci, but traders use this how to draw fibonacci retracements level because of the tendency of draw fibonacci retracements stocks to reverse after retracing half of the previous move For traders the key fib retracement.

Example 2: Drawing Fibonacci retracements on AUDJPY weekly chart Step 1: Find The AB Move The above chart refers to AUDJPY on the weekly chart. how to trade fibonacci retracement In this case, traders take note of a retracement taking place within a trend and use Fibonacci levels to try to make low-risk entries in the direction of the trend Draw Fibonacci retracement and extension grids to. To combine Fibonacci retracement with candlesticks patterns is one way to enhance your trading strategy. Previously, we saw how to use reversal candlestick patterns to formulate strategies to trade. These candlestick patterns include; engulfing patterns, Doji, evening & morning stars , piercing patterns, hammer and a shooting star

A fibonacci arc is constructed by first drawing a trend line between two swing points on a chart. These two points should be between a clear peak and trough on the chart. Once the line is drawn, key fibonacci levels are placed on the chart at 38.2%, 50%, and 61.8% retracement levels However, there are a lot of applications of the Fibonacci numbers than simply drawing Fibonacci retracement and Fibonacci extension levels. If you want to truly harness the power of Fibonacci numbers, you should also consider using various other tools such as Fibonacci Circle, Fan, and Time Zone How To Draw Fib Retracement. If drawing the lines in helps you to better visualize the fib levels, then by all means use it! The vertical distance between those two points is then divided up vertically with horizontal lines placed at key levels at the key Fibonacci Ratios of 23.6%, 38.2%, 61.8% and 100% Fibonacci Retracements are displayed by first drawing a trend line between two extreme points ඔබට Fibonacci retracement levels ගැන ඉගන ගැනීම තුලින් නිවැරදිව market එකට පිවිසිමටද ,ඒ වගේම open කරපු trade එකක් වඩාත් නිවැරදි ස්ථානයකින් close How to draw Fibonacci retracement level

How to draw fibonacci (3) Drawing and trading with the Fibonacci retracement levels After you've determined the key what time in london right now gmt swings and zones, now you can use the tools provided by how to draw fibonacci your favorite charting software to draw the. This simple video shows how Chris and Nenad draw the Fibonacci tool on the chart In this example we draw our Fibonacci retracement from the lowest low and extended it up to the highest high which automatically creates the retracement price levels. Notice that price reacted in some way at each of these fibonacci levels starting from the 23.6%, 38.2%, 50%, 61.8% (Golden Ratio Number), and at the 78.6% where the price really started to push higher to continue the uptrend

3. 61.8% Fibonacci retracement: $70 - ($30*0.618) = $51.46 In practice, traders would look for prices to pause or reverse (if only temporarily) at these levels. The following weekly chart shows Microsoft (MSFT) bounced off two Fibonacci retracement levels in the process of retracing much of its December 2018-February 2020 rally How to use Fibonacci retracement: Step 1: Find an asset that has recently made a huge drop in market valuation, and seems to be back on an uptrend. Step 2: Select the Fibonacci retracement tool located in the tools panel on the left. Step 3: Click once on the previous peak where the price spiked, then move your mouse down to the current price and go over to the right to click a point on the.

Why Fibonacci retracement doesn't work in crypto The reality is that no chart analysis strategy is perfect and this certainly applies to the Fibonacci retracement theory. It may not work when it comes to cryptocurrencies for example if we don't see the emergence of a swing low or a swing high - there is nothing on which to base the degree of swing A Fibonacci retracement level (or for short, a fib level) is just a measurement of how far price retraces from any high to low in your charts. The different levels are just a vertical distance in a percentage from the Fibonacci sequence and where technical analysis traders look for support and resistance in their chart This is a stock screener that catch candlestick close which are within 1% of the last 65 days 61.8% retracement (38.2% for a up trend) of Fibonacci levels. While price usually bounce on Fibonacci levels, this one can reveal good entry point for trend continuation

Draw Fibonacci retracement and extension grids to identify hidden support and resistance that may come into play during the life of a trade A tutorial as to how you can draw a fibonacci retracement for an uptrend and a downtrend. Most direct access-trading platforms have Fibonacci retracement drawing tools The **Fibonacci** **retracement** levels are drawn like a visual aid in determining potential reversal points. This might be good or bad depending on the need of the user. In addition, the current **Fibonacci** tool differs greatly from its MT5 counterpart in terms of drawing the actual **Fibonacci** lines Fibonacci numbers, when applied in technical analysis through Fibonacci retracement and Fibonacci extension, are one of the most prolific techniques traders use to qualify or disqualify forex trades. In this article, we'll look at how both retracement and extension work, and how you can use them in your own trading Fibonacci Retracement trading uses Fibonacci levels to indicate potential reversals in price movements during a strong trend. According to (Zoran Temelkov 2019 from Currency.com) the Fibonacci Retracement indicator is based on so-called retracements, which means periods in which the price moves against the trend, after which it moves back in the trend direction. - currency.co Trading Master 103 - Use Fibonacci Retracements Line A Pro, is an intermediate level trading course that identifies and teaches students who are able to read charts some of the most important rules to trading.Students will be able understand the perspective of traders who are been successful in making consistent profits

How to draw fibonacci retracements. Check with your broker for this useful tool. So in a binary options method downtrend market, fibonacci retracements can how to draw fibonacci retracements be used to find potential resistance levels.. Draw Fibonacci retracement and extension grids to identify hidden support and resistance that may come into play during the life of a trade I often get asked. Fibonacci Fan lines are trend lines based on Fibonacci retracement points. After a decline, the Fibonacci Fan lines can be drawn to identify potential resistance or reversal areas. Once the bounce starts, the fan lines provide chartists with key levels to watch as prices bounce Fibonacci Retracement Levels Explained With Series. The Fibonacci retracement levels starts from 0 to 100 values. Visit our youtube channel we explained about Fibonacci Retracement Strategy in Tamil In our .The major retracement levels start with 0%, 23.6%, 38.2%, 50%, and 61.8% the final bottom levels are 100%. Fibonacci is not an indicato After the lines are drawn, 0.382, 0.50, and 0.618 are your primary retracement levels. Secondary, less significant levels are at 0.236 and 0.764. Bear in mind that the longer the time frame, the more accurate Fibonacci will be