If you look on many daily charts you will see, that the 50% to 0.618% Fib Retracement Area is often a core support point for any swing on the daily chart.
This can be used as part of your strategy and/or edge
This can be used as part of your strategy and/or edge
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.