Fibonacci retracement zones are levels drawn on a chart to indicate where the price might pull back (retrace) before continuing in the original direction. These levels are calculated using ratios derived from the Fibonacci sequence, such as 23.6%, 38.2%, 50%,
Fibonacci retracement zones are levels drawn on a chart to indicate where the price might pull back (retrace) before continuing in the original direction. These levels are calculated using ratios derived from the Fibonacci sequence, such as 23.6%, 38.2%, 50%,
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