Trading charts

6 Pins
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11mo
Fibonacci Retracements
Fibonacci retracement levels are found by taking the high and low values on a chart and then marking the key fibonacci ratios horizontally to form a grid. The fibonacci values can show potential reversal zones.⁣⁣⁣⁣⁣⁣⁣⁣ ⁣⁣⁣⁣⁣⁣⁣⁣ The key fibonacci ratios are 23.6%, 38.2%, and 61.8%.⁣⁣⁣⁣⁣⁣⁣⁣ ⁣⁣⁣⁣⁣⁣⁣⁣ The 50% level is also usually marked as a retracement level although it technically isn't based on a Fibonacci number, it is still widely seen as an important and potential reversal zone.... ⁣⁣⁣⁣
📈📉 Ultimate Chart Pattern Cheat Sheet! Reversal Double top Tripple top Bearish Flag Bullish wedge Bearish wedge Bullish flag Descending…