The Golden Ratio in Trading
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This blog explores the use of Fibonacci sequence and its Golden Ratio in trading. The Fibonacci retracements, based on key levels like 23.6%, 38.2%, 50%, 61.8%, and 78.6%, are popular for identifying potential support and resistance in price trends. Traders apply these tools across various timeframes, and while they have historical significance, critics argue they can lead to self-fulfilling prophecies. In conclusion, the Fibonacci sequence is considered a valuable tool in a trader's arsenal, but not a guaranteed predictor of market movements. Successful trading requires a holistic approach, i
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The Golden Ratio in Trading
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