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.
