Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur on the charts.
It can be used to place entry orders, determine stop-loss levels, or set price targets.
For example, a trader may see a stock moving higher. After a move up, it retraces to the 61.8% level. Then, it starts to go up again. Since the bounce occurred at a Fibonacci level during an uptrend, the trader decides to buy. The trader might set a stop loss at the 61.8% level, as a return below that level could indicate that the rally has failed.
Enroll in this course to learn how to plot Fibonacci levels & take trade using them.
- Lectures 2
- Quizzes 0
- Duration 1 hour
- Skill level All levels
- Language English & Hindi
- Students 796
- Certificate Yes
- Assessments Yes
Excellent SessionAmazing... Excellent Session and very Informative.....Was this review helpful?
Recommend EveryoneReally well produced trading and easy to follow. Recommend watching through a few times and making notes.
Very useful information & clearly explainedVery useful information, clearly explained. However, I did not understand everything, coz its new area for me, but the main principles were good described.
I Liked itLiked it, reinforced the fib while adding extra confirmation tools to lend more strength to decision making.