As you can see on this chart, i want to share something interesting. Today i applied this method also on other counters and most of them show the same results. As you can see, price already reached fibo retracement level 50-61.8% which i believe many other traders who are using fibo will also noticed this same pattern. Usually price will take a break from here,in other word retracement will happened once price reached this level. This method is simple, find the nearest base between fibo retracement 50-61.8%. Sometimes the base could be below/above 61.8%. Since this is a long term view, intraday traders may not applied. Just be careful with indices as they are approaching peak value
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Where To buy? Best and safest place to enter when price retrace back to 50-61.8% retracement. Find the nearest base around this level