How to interpret Fibo

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T
Tommy
26 Nov 2021, 15:38 615 Views
I want to ask sir, how do you interpret this fibo?

3 Answer

M
martin 30 Nov 2021, 15:02

@ Tommy:

Fibonacci levels, both retracement and expansion, are tools to determine support and resistance levels.

For an explanation of Fibonacci, please read:
  • Trading With Fibonacci Theory
  • Using Fibonacci Expansion Levels
F
Finna 03 Dec 2021, 09:09
Besides fibo, what other tools can be used to determine support and resistance levels, Sir?
M
martin 03 Dec 2021, 23:09

@ Finna:

Possible with pivot point. For explanation please read:

  • Using Pivot Point
  • Trading With Pivot Point

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