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how to trade using fibonacci tool || fibonacci retracement strategy || #tradingstrategy #fibonacci
The Fibonacci trading strategy is a technical analysis method that uses horizontal lines at key Fibonacci ratios (primarily 23.6%, 38.2%, 50%, 61.8%, and 78.6%) to identify potential support and resistance levels. Traders use these levels to anticipate where a market's price might pause, pull back, or reverse before continuing its original trend.
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