The mainly four Fib. Retracement are applied.

Mar 27, 2020

The mainly four Fib. Retracement are applied in different years.

• confluence zone at 9647.
  
• 38.2 retracement level is at 9395
  
• previous resistance and 61.8% retracement level at 9067.
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  Question is how to understand and use these levels?
  Answer; There is always pullback whether there is a stock or market. If there is normal good new, then pullback easy can be 38.2% retracement. Though the confluence zone is the memory of investors, here is 9647 attract to investors. Above all given levels are actionable for traders and investors.
  
  I would like to add GAP theory on with retracement in another chart .

May 4, 2020

Trade closed: target reached

Target achived