What Fibonacci settings do you use?

jack

Administrator
Staff member
Aside from the 0.50 line, which is not a fib number, the "standard" are fib numbers. Either you use fib numbers or you don't... :/
 

Pentat1936

Well-Known Member
Fibonacci is the most adaptable indicator because it is quite close to nature as every action has a reaction. The reaction can be of a certain level as the Fibonacci retracements suggest. So, you can trust it as far as I think.
 
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