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Even this patience of a thing, with time you’d be knowledgeable enough in Trading

Even this patience of a thing, with time you’d be knowledgeable enough in Trading

Yes, good one

I observed that we've been talking about trading tools

Teach us another trading topic nau

I have one

What is Fibonacci Retracement?

Omo

No b small name😭😂

Fibonacci retracement is a popular technical analysis tool used by traders to identify potential support and resistance levels where an asset’s price might pause, reverse, or continue its prevailing trend. It is plotted as static horizontal lines on a price chart, representing percentages of a previous significant price movement

When an asset is in a strong trend, the price rarely moves in a straight line; it takes temporary "breathers" or pullbacks. Traders use the Fibonacci tool to measure the depth of these pullbacks to find high-probability entry points before the primary trend resumes.

Omo

No b small name😭😂

Fibonacci retracement is a popular technical analysis tool used by traders to identify potential support and resistance levels where an asset’s price might pause, reverse, or continue its prevailing trend. It is plotted as static horizontal lines on a price chart, representing percentages of a previous significant price movement

When an asset is in a strong trend, the price rarely moves in a straight line; it takes temporary "breathers" or pullbacks. Traders use the Fibonacci tool to measure the depth of these pullbacks to find high-probability entry points before the primary trend resumes.

👇👇

No vex 🥲🥲

Mm

Interesting

Nice illustration

Where are we..?🥲