(Fibonacci analysis)

📍Fibonacci numbers and ratios are used to identify resistance and support points.
📍To use Fibonacci in trading, you can look for a correction in a trend and expect a price reversal at Fibonacci levels.

📍The most common ratios are: 

23.6% 
38.2% 
50.0% 
61.8% 
78.6%

Fibonacci studies do not provide a magic solution for traders. Rather, they were created by the human mind in an attempt to dispel uncertainty. Therefore, they should not serve as the basis for trading decisions. Most often, Fibonacci studies work when no real market-driving forces are present in the market.
37 $DEGEN