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Fibonacci levels, which help guess where the price might stop or change direction. Here's the easy part: Fibonacci Levels: Think of these as road signs on the chart. They show where the price might find support (like a safety net) or resistance (like a ceiling). Blue Arrow: This arrow suggests that the price might go up. Price Increase Note: The chart says...

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Simple explanation: Candlesticks: Each candlestick shows the price of the stock for one day. A green candlestick means the price went up that day, and a red one means the price went down. Fibonacci Retrenchment Levels: These horizontal lines are like checkpoints, showing important price levels where the stock might stop and change direction. Think of them as...

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Understand the chart: Candlesticks: Imagine each candlestick as a day. Green means the price went up that day, and red means it went down. Lines with percentages: These are like checkpoints to see how much the price has moved up or down. Green and Red boxes: The green box shows where traders hope to make money if the price goes up, and the red box shows...

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Chart shows a possible trade setup in terms: Green Zone: The expected profit area if the price moves up. Red Zone: The possible loss area if the price moves down. Blue Arrows: 10.21% gain (small arrow): If price reaches the nearby red trend line. 9.72% gain (big arrow): If price reaches a higher target. Key Numbers: ...

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Important Risk-Reward Ratio The gray zone shows where price is "testing" support or resistance. If the price breaks above this zone, it could move upward quickly. The Fibonacci lines act as guidelines for where the price might go.

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Support: Horizontal green dotted lines at 158.21 and 168.50 mark previous price levels where the market showed buying interest. Resistance: Horizontal red line near 240.00 marks a level where the price faced selling pressure in the past. Summary of the Trade Setup Trade Type: Long (buy). Entry Price: Around 199.48. Stop Loss: Near...

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On this chart, there are special lines called "Fibonacci levels," which help guess where the price might stop or change direction. Here's the easy part: Fibonacci Levels: Think of these as road signs on the chart. They show where the price might find support (like a safety net) or resistance (like a ceiling). Blue Arrow: This arrow suggests that the price might...

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Here are the key elements on the chart: On this chart, there are lines called "Fibonacci retracement levels," which help predict where the price might go up or down. Here's the simple breakdown: The chart shows different levels where the price could stop and change direction. These levels are like markers on the chart. The blue arrow on the chart suggests that...

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Key elements of this setup detailed explanation: 1. Candlestick Chart: This type of chart is used to display price movements of a financial asset over a specific period. Each candlestick shows four main pieces of information: opening price, closing price, highest price, and lowest price for the period. 2. Fibonacci Retracement Levels: These are...