Chart Reading Patterns
PRESENTED BY: BLOCK CHAIN BULLY
- Identify chart patterns
- Ascending Triangles
- Understanding the basics of utilizing the Fibonacci Retracement Tool
Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur.
They stem from Fibonacci’s sequence, a mathematical formula that originated throughout nature. Therefore, many traders believe that these numbers also have relevance in financial markets. The origin of the Fibonacci numbers is fascinating. They are based on something called the Golden Ratio. Start a sequence of numbers with zero and one. Then, keep adding the prior two numbers to get a number string.
Fibonacci retracements can be used to place entry orders, determine stop-loss levels, or set price targets.
*This is a prerecorded webinar* For educational and entertainment purposes only.