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NiFTY 50 fib extension tool ( for educational and reference)This is a education pupose only(and reference) fib extention is a tool (not like a indicator) 1.6 fib exte cus ratio , Atctual fibonacci ratio=1.618 ( reasonable , but higher) 1.3 fib exte custom ratio(reasonable) Purble line is 0 (zero) ratio ., -1.5 stoploss (take a support and resistance), this is not retracemnet tool. Contant is choosing with squence(think like a imaginary, ) Dont use with your ego and for your personal. Use genuinely ,reasonable entry(for accurrate), like a priceaction, Im learned from fibonaaci tools with my sharing experience., dont abuse the market!!! Ratio is simple and using etc.,( age , science, mathematical) -1.5, 0, 1.3, 2.6, 3.9, 5.2(contant),6.5 totally using with 1:5 ratio -1.5, 0, 1.6, 3.2, 4.8, 6.4(contant), 8.0 totally using with 1:5 ratio . The custom create fibonacci extention tool using with easily identify stoploss and target., accurate entry buy ,sell using like a technical ,price action trading.
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by Tradejackify