Sentences with phrase «fibo retracements»

Excellent piece on the use of Fibo Retracements, a tool every trader should know and use.

but after reading this, I can surely see that FIBO retracement will further sharpen the decision making, exact entry point as a second confirmation

Once it is cleared, the next upside targets - 82.80 (100 - SMA on the hourly chart) and 86.00 (61.8 % Fibo retracement)- will come into focus.

Currently, the picture looks bearish as BTC / USD dropped below $ 8,000, which coincides with 61.8 % Fibo retracement.

Not exact matches

Of course this would not be a valid Favourite Fibo entry, since the retracement was greater than 50 %.