PHI
phi (0.618), Golden Ratio(Spiral), Fibonacci ratio, NIFTY.We created a parallel channel by looking at market pivots that have lines (a), (b),....(e). If look at this chart and drawing minutely, then you will found that where are maximum points(dots). That is called gravitation to attract the price value. In the future, while the pullback price tries to test this line in the coming days.
Fibonacci ratio, Many traders know this , but few know how to apply it .
three market ranges (1,2,3) which range defines
the 50 percent division a

