[DXY] How to use Fibonacci Indicator
Hi guys !
This a simple chart with a explicit Fibonacci Indicator. Many people asking me how to use it, it's easy, have a look.
Story : Fibonacci was an Italian mathematician (1175 - 1250). He discovered this number sequence like this: Each numbers is calculated by adding the two previous numbers, for exemple : 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89...
The special thing in this sequence is that every numbers is 1.618 of previous and 0,618 of next one. And as you know, 1,618 is the "Gold number" .
(Hope my english is not too bad haha)
1 - Choose a higher and lower price (downtrend) or lower and higher price (uptrend)
2 - Fibonacci will retrace different line at 23.6, 38.2, 50, 61.8, 78.6 and 100 %
3 - Theses line will be the next supports / resistances in the correction / bounce
You can use it to place the best order (BUY or SELL) and make more profit.
Ask me for any questions !
Thanks for your time.
This a simple chart with a explicit Fibonacci Indicator. Many people asking me how to use it, it's easy, have a look.
Story : Fibonacci was an Italian mathematician (1175 - 1250). He discovered this number sequence like this: Each numbers is calculated by adding the two previous numbers, for exemple : 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89...
The special thing in this sequence is that every numbers is 1.618 of previous and 0,618 of next one. And as you know, 1,618 is the "Gold number" .
(Hope my english is not too bad haha)
1 - Choose a higher and lower price (downtrend) or lower and higher price (uptrend)
2 - Fibonacci will retrace different line at 23.6, 38.2, 50, 61.8, 78.6 and 100 %
3 - Theses line will be the next supports / resistances in the correction / bounce
You can use it to place the best order (BUY or SELL) and make more profit.
Ask me for any questions !
Thanks for your time.
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