Read more about the article How to Use Fibonacci Extensions in Trading
How to Use Fibonacci Extensions in Trading #TSM #tradestockmrkts #tradestockmarkets Trade Stock Markets #amirshayan

How to Use Fibonacci Extensions in Trading

Fibonacci extensions are a popular tool used by traders to identify potential price targets in financial markets. They are based on the Fibonacci sequence, a mathematical sequence in which each number is the sum of the two preceding numbers. In trading, Fibonacci extensions are calculated by extending lines drawn between two points on a chart to project potential price levels beyond the current price. Traders can use Fibonacci extensions to identify potential price targets, confirm trend reversals, and set stop losses and take profits for their trades. In this article, we'll take a closer look at how Fibonacci extensions work and how traders can use them in their trading strategies.

Continue ReadingHow to Use Fibonacci Extensions in Trading