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how to do the fibonacci strategy?
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<p>Fibonacci tools can be used in uptrend and downtrend market to know the next upside or downside price levels by confirming from the Fibonacci levels.</p>
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<p>Fibonacci levels, a popular technical analysis tool. Fibonacci was a 12th-century mathematician who developed a series of ratios that is very popular with technical traders. Fibonacci ratios, or levels, are commonly used to pinpoint trading opportunities and both trade entry and profit targets that arise during sustained trends. The primary Fibonacci ratios are 0.24, 0.38, 0.62, and 0.76. These are often expressed as percentages – 23%, 38%, etc. Note that Fibonacci ratios complement other Fibonacci ratios: 24% is the opposite, or remainder, of 76%, and 38% is the opposite, or remainder, of 62%.</p>
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