I have updated my Retracements Level script to alert traders to long term Support and Resistance levels based on 50% Fibonacci levels. I think that this is a simple and highly valuable tool that every trader should have in their toolbox to identify key levels that price may respect.
In this video I go over the many uses:
-Long term levels for Entering and Exiting positions
-Multiple Timeframe Analysis
-Catching Catalyst events like Earnings
-Projecting Support and Resistance far into the future
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