One of my best indicators..on

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One of my best indicators for short-term trades.

Fibonacci retracements and extensions are often used by traders to identify potential levels of support and resistance in the short-term. These levels are based on the Fibonacci sequence, which is a mathematical pattern that appears frequently in nature, finance, and other fields.

In short-term trading, Fibonacci retracements can be used to identify potential levels of support or resistance where traders can enter or exit positions. For example, if a stock is in an uptrend and pulls back, a trader may use Fibonacci retracement levels to identify potential support levels where the stock could bounce back up.

Fibonacci extensions, on the other hand, are used to identify potential price targets for a trade. For example, if a trader enters a long position in a stock and moves higher, they may use Fibonacci extensions to identify potential resistance levels where they could take profits.



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