How to use Fibonacci retracements (technical stock analysis practice)

    Hello, In this article, I will discuss one of the technical analysis tools, Fibonacci retracements. This is a highly requested article from the general public. Learn what Fibonacci retracements are. We'll see how it's used. Here are some tips on how to use Fibonacci. Then use Fibonacci retracements to buy and sell stocks and try to make a profit. This is a continuation of our technical analysis article for beginners.Don't forget to look at the article first.Yes, the link is on the top right. There are still many videos I make about technical analysis. Don't forget to subscribe so you don't miss the next article.

How to use Fibonacci retracements

(technical stock analysis practice)

    Fibonacci is a series of numbers and ratios in mathematics, commonly found in nature and used in technical analysis. The numbers are zero 112358 13213 4558 and 144 and so on. Each number here is the sum of the previous numbers, so zero and one is 11 and 1721 and 23 and so on. This number gives rise to relationships that appear again and again. The main sense is 0.018, which comes up whenever you divide a number by its neighbor. For example, 13 divided by 2121 divided by 3 divided by 4. There's also the 2 in 0.38 that appears when you divide a number by a number. Next to it is a split, complete one, for example 34 splits 8955 splits 144 and so on. Remember these two numbers Yes 0.618 and 0.38 Two years ago a retracement was a drop or temporary correction in the price of a market or stock that was trending strongly in technical analysis articles for beginners .

    I briefly explained that high peaks and valleys are formed and often occur when shedding or peaks and valleys are higher than before. Price fix.Try an example Yes, it's easy For example, in a strong absent stock like BCA, Avtran was always Avtran. However, prices do not rise continuously. There are times when stocks go down like this for a while.

    The so-called traceman means that the first step is to make sure there is a strong trend, before using Fibonacci retracements, generally during top trends. This is because we want to quickly check the Fibonacci retracement tool and look for buying opportunities when the stock price is falling. It's in the menu on the left here. Let's go.

    Select febri tracemen in Bro Fibonacci tool. For example, if you drag fitraispan from 2000 to 3000, the distance will be 1000, right? 0.7 is also 6 from Fibonacci and 0.5 is still there. This is not the Fibonacci secret, but it is also important. You can add your own. For example, add this 0.65 next to the ratio frame. I have a price number. For example, point 5 is half of 1000 if that's reasonable. Note the 500. This means 2500.

    We see beginning from trism we are able to difficulty zulfebri tracemen this device will divide a hacker motion Fibonacci ratio ratio so later we are able to use those expenses as help and resistance factors hoping the fee will seem at such a factors so if the fee paperwork help We can purchase those factors, let's try and see an instance of the authentic painted Q retracement set, as an instance withinside the ISG from the stop of ultimate yr Why does the fashion keep to complete locating its top Okay, pull it from the lowest up, let's have a look at the correction is going down till it suits on the Fibonacci 0.38 Hi at smra it become the identical whilst it become launched from the consolidation and commenced to rise, the correction become made to the factor of 0.6 18 ter us at BRI after beginning to keep avtran with air excessive and air Los there has been a correction that touched the factor 0.three eighty two and the shadow reached the factor 0.five then as an instance in India this bounced at 0382 then ultimately dropped once more and bounced at 0.6 18 and has now no longer been capin a position to interrupt via the 0.three eighty two factor which becomes resistance if it consists of weekly girlfriends, we keep to drag the Fibonacci further, however the Fibonacci factors becomes help and resistance. Later on, you furthermore may try and test with Fibonacci, you may see that the factors very regularly it turns into help or resistance, however from right here we see that the weak spot of Fibonacci is that it's miles very subjective and relatively logical, anybody could have their personal manner of purpose from which backside factor to which pinnacle factor.

    A few tips first. The first tip is to master the concept of support and resistance. Fibonacci retracements are not a necessary tool. Although ta can be used alone, it has several tools that facilitate support and resistance analysis. When drawing a Fibonacci retracement, first check if there was a previous support or resistance at the same price. In this case, it means that we are trying to combine the second strong support AC Gardens with other technical concepts. If there is a bias or trend to remember first, know the strength of that trend, and the user is not a strong sideways correction, you can pay attention to 0.3 points.

    In addition, it changed into discovered that web2 frequently corrects to 0.6,18 and 24 frequently corrects whilst comma 382. Let's try and exercise the use of the Fibonacci retracement first, we ought to make certain you're trending we will see ihsg is on avtran Yes, it is been the ultimate 3 months usually documents and hair loss, so we get the second one fashion oil, there should be an early retracement, let's have a look at the ISG has caught round 6400 and is beginning to move down. It manner there may be a correction and this will be a retracement, so it is time for us to eliminate the Fibonacci tool, we strive the BCA design, pick the buying and selling view char right here, the equal Dad, after falling in March 2020, BCA additionally commenced to get better and there may be an Avtran. If I assume that is elite, this spouse might be W123 four and 5, it is now no longer perfect, however if I use the Febri treatment, pull it from the start of WIB to the top, the internet site to test and that is proper, guys, both right all the way down to across the factor 0.618, it fits the idea withinside the electric ee-e book it is in advance, so might also additionally we don't forget this legitimate, subsequent manner I will pull Fibonacci once more from underneath web2 swing excessive wave three then we've to test if there may be no different assist and resistance on the factors the Fibonacci and it seems that there are many, so I can anticipate that the Fibonacci are pretty legitimate due to the fact they're supported via way of means of a whole lot of assist and and earlier than then returned to the idea in advance w4 generally corrects to the factor 0.three eighty two so that is the rate we are able to display round 33 one hundred if we've n't vca and need to begin installments we are able to queue right here or if for buying and selling you may additionally pass returned to the status idea assist and promote at Resistance Okay 33 one hundred that is the assist and the nearest resistance is round 346 hundred sure at Fibonacci 0.2 36 so I simply queued to shop for BCA at 33 one hundred down 1.2 lock round 6 million and it grew to become out to be proper down there This I can keep or I can promote immediately, for example, I simply promote 1/2 of of it at once on the Resistance factor , primarily based totally at the Fibonacci country, it changed into bought at 34 six hundred and it changed into bought.

    So if you bought support using Fibonacci and sold it at resistance a few weeks later, you were almost at 5% in an hour and a half. The price hasn't moved much either, still Fibonacci up and down. bjbr bang jaber and papa his other 3 examples have avtran and the above is starting to be fixed. This seems to be on elite wifi, wep 1234 and 5. Check v2 again. I fixed both to point 0.6 18 with Fibonacci retracement and OK, so it's not textbook rich but ok. Yes, pull the novice again from below web2 and above wep3 to see previous support and resistance. The Fibonacci point meets some sort of price stop resistance and the price touches the Fibonacci point 0.38. The price is 14 70. If it survives at this price, it means we will find strong support and the next resistance is around 1600, so we bought it immediately at 14 7035 5 million. Short-term trading presents the sad resistance of the 1600s, with the obvious exception of the 1600 buy again with the concept of trading, the soul lies in this resistance.

    Already up 9% in about a week. The rest cannot be used any more. The concept of support and resistance. For example, sell at resistance. You can buy resistors. Carlos, if you can go to support. If it passes support or if yes then it comes down to how important it is to understand how to use support and resistance because we will continue to buy support for investment. It turns out that Aceh is a sequence of numbers and ratios that are common in nature and can be used in technical analysis. The second retracement is a correction if there is a trend and this is an opportunity to buy the stock cheap.

    It's subjective, so make sure you really understand the trend and support.The fourth resistance is looking at previous supports and resistances to validate Fibonacci points and other technical factors such as Elliott Waves. Combining with concepts.While sharing videos of technical analysis, there are still many topics to discuss. Don't forget to subscribe so you don't miss it. Muslims also covered other topics such as Mutual His Funds and Bonds under the pick up motto I mentioned at the beginning. I've put them together in a few playlists. Please take a look. Learn more and create Twitter and Tiktok. I forgot to follow your article on investing for beginners. Thank you very much

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