How do we use Fibonacci retracement to identify support and resistance zone? – Page 15 – EQSIS PRO

Tagged: Fibonacci retracement

This topic has 179 replies, 177 voices, and was last updated 2 years, 9 months ago by Divya E R.

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April 29, 2016 at 1:58 PM #26924

Aravind Kumar
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Rank: Level 4

It is the horizontal lines with ratio of 38% and 62% used to identify support and resistance.

April 29, 2016 at 2:16 PM #26935

lavanya
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Rank: Level 4

Fibonacci retracement level is 62 % resistance level and 39 % support level.

April 30, 2016 at 7:57 PM #27585

vijayalakshmi
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Rank: Level 2

The fabonacci retracement line formed extent point
62% is the resistance level and 38% is the support level..

April 30, 2016 at 8:54 PM #27624

Dhananjayan
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Rank: Level 3

FIBONACCI RETRACEMENT is a harizontal line with 38% support and 62% resistance.

May 1, 2016 at 5:42 PM #28257

nivetha
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Rank: Level 4

Fibonacci retracement is use to identify potential reversal levels. It is use to identify support and resistance zone where horizontal lines are drawn in order to find support zone and resistance zone.
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