Fibonacci retracements are the most common form of technical analysis based on the Fibonacci sequence. If the price stalls near one of the Fibonacci levels and then start to move back in the trending direction, an investor may trade in the trending direction. During a trend, Fibonacci retracements can be used to determine how deep a pullback may be. Humans tend to identify patterns and traders easily equate patterns in charts through the Fibonacci sequence. It’s unproven that Fibonacci numbers relate to fundamental market forces, however, markets by design react to the beliefs of their players. Consequently, if investors buy or sell because of Fibonacci analysis, they tend to create a self-fulfilling prophecy that affects the market trends.
Among The Retracements Levels there is The Hidden Secret to Make Entry Orders in the Right Direction, Price, and Time. It has a high probability the price will retrace to continue the trend. This is the Secret and required experience, knowledge, and effort to analyze manually. Because it takes some calculations to determine this area. But Now, You can do it easily in a second using our MT4 Plugin. The Golden Retracement Power Built in by a combination of The Price Action, High-Low, and Fibonacci Retracements Strategy. Some indicators also work behind the Plugin. They are Stochastic, RSI, MFI, DeMarker, and WPR. It draws Fibonacci Levels automatically. Displays the Golden Area, Support and Resistant lines, Signal Arrows, and Trend Strength Bars.
