Fibonacci sequence is a mathematical concept; it appears in various aspects of everyday life and nature. It's not directly used in a calculated way, but its principles are reflected in the patterns we see around us. Its key for traders to pinpoint these reversal areas to keep a positive risk/reward ratio. Bulls will target 116k if this low can be sustained.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.