When to draw Fibonacci Retracement levels

Discussion in 'Trading' started by ninZa.co, Jan 21, 2025.

  1. ninZa.co

    ninZa.co Sponsor

    If Fibonacci retracement levels are a key part of your trading strategy, Fibonacci Mystery can refine the way you draw and use these levels for better results.



    The indicator forms Fibonacci zones only when the market transitions between trends—either from an uptrend to a downtrend or vice versa. These moments of transition often present the most strategic opportunities for entering the market.

    The indicator draws Fibonacci zones by spotting the highest swing high in an uptrend or the lowest swing low in a downtrend, along with the first swing point of the opposite trend.

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    For more details and to explore its features, feel free to visit here.

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