See Brandon, at least this guy is trying even if he does have a million lines across lol
Читать полностью…I don't mean what a fib is I mean wtf use is it on a chart? How do you benefit from it
Читать полностью…The basis of the "golden" Fibonacci ratio of 61.8% comes from dividing a number in the Fibonacci series by the number that follows it. For example, 89/144 = 0.6180. The 38.2% ratio is derived from dividing a number in the Fibonacci series by the number two places to the right.
Читать полностью…Harmonic patterns construct geometric pattern structures (retracement and projection swings/legs) using Fibonacci sequences. These harmonic structures identified as specified (harmonic) patterns provide unique opportunities for traders, such as potential price movements and key turning or trend reversal points.
Читать полностью…Youre not much of a contributor to this here telegram mafioso. I'm gonna need you to step up, Sir
Читать полностью…How does it benefit your investing/trading. We need to know cus you ain't much of a leader
Читать полностью…How is Fibonacci Relevant to Financial Markets?
The Fibonacci sequence is relevant to financial markets because it is used to identify potential levels of support and resistance for a financial asset’s price. The sequence is derived from adding the previous two numbers to get the next number, starting from 0 and 1. In technical analysis, traders and investors use Fibonacci retracements to identify levels at which an asset’s price may experience support or resistance after a price move. These levels are determined by calculating the percentage retracement of the price move and finding the corresponding level in the Fibonacci sequence. The most commonly used levels are 23.6%, 38.2%, 50%, 61.8% and 100%. These levels are considered significant because they often correspond to key psychological levels in trading and can serve as potential areas for traders to enter or exit positions.
Fibonacci retracement levels are prices, depicted as horizontal lines on a chart, that indicate where support or resistance could likely to occur. Each price level is associated with a percentage amount that measures how much of a retracement has occurred from a prior peak in the price action.
Читать полностью…you just want to blame someone for you mishappenings instead of taking responsibility and learning the game.
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