61 8% and 38.2% Fibonacci Levels Trading Strategy

One of the most important concepts that are uncovered by the Fibonacci retracements is periods when the market is likely to consolidate. The most common Fibonacci ratios are the 38.2% ratio and the 61.8% ratio. Other ratios are also used, 38.2 fibonacci retracement level such as the 50% ratio first described in Dow Theory, as …

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