Free Fibonacci Retracement and Extensions Lucknow
- Location: Lucknow, Lucknow, Uttar Pradesh, India
Fibonacci Retracement:
Fibonacci retracement is a method used to identify potential support and resistance levels during a price correction within a larger trend. Traders often observe that after a significant price move in one direction, the market tends to retrace or pull back before continuing in the same direction. Fibonacci retracement levels are plotted on a chart to highlight these potential reversal points. The most commonly used retracement levels are 38.2%, 50%, and 61.8% of the preceding price move. These levels act as support or resistance areas where traders look for potential buying or selling opportunities.
By applying Fibonacci retracement to a price chart, traders can anticipate key levels where the market may reverse or consolidate. When a price retraces to one of these levels, traders look for additional confirmation through other technical indicators or chart patterns before making trading decisions. The Fibonacci retracement tool is widely available on popular charting platforms and can be easily applied by selecting the starting and ending points of the price move.
https://www.finowings.com/technical-analysis/fibonacci/fibonacci-retracement-and-extensions/
Useful information
- Avoid scams by acting locally or paying with PayPal
- Never pay with Western Union, Moneygram or other anonymous payment services
- Don't buy or sell outside of your country. Don't accept cashier cheques from outside your country
- This site is never involved in any transaction, and does not handle payments, shipping, guarantee transactions, provide escrow services, or offer "buyer protection" or "seller certification"
Related listings
-
Walk with Confidence: Women's Open Toe Flats at Clog LondonOther Services - Noida (Uttar Pradesh) - June 21, 2023 1000.00 Indian ₹Embrace the season with flair by shopping now and slipping into stylish open-toed flats. Upgrade your footwear collection and enjoy the perfect blend of comfort and fashion. Get ready to make a statement as you step into the warm weather season with ...
-
Edtechreader - Top Free Guest Posting Sites for Education TechnologyOther Services - Noida (Uttar Pradesh) - June 20, 2023 Check with seller
If you're looking to share your knowledge and expertise in the field of education technology, then having a guest blogging site is an excellent way to reach a wider audience. However, finding the right platform to publish your content can be a challe...
-
Gorakhpur to Nepal Tour Packages, Nepal Tour Package from GorakhpurOther Services - Gorakhpur (Uttar Pradesh) - June 15, 2023 12000.00 Indian ₹
If you are planning for Nepal trip indonepalsafar provide the best for Nepal trip Indo-Nepal. It provides the best Nepal tour package from Gorakhpur to Nepal Tour Cost, Nepal Tour package from Gorakhpur Itinerary, and experience the majestic and mesm...