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RE: Understanding the Basic idea of Fibonacci Retracement Levels to use as a Trading Strategy
In my oppinion, Fibonnaci retracement is just some psychological zones that have no real meaning. I can retrofit any number of divisions as support or resistance levels of a price movement. I prefer using Murrey Math to see potential value levels.
You are correct my brother. Thank you very much for adding such wonderful details to my article. It really increases the value of this presentation.