Combining Fibonacci retracement levels in accordance with price movement achieves high profits for traders, and investors focus on Fibonacci retracement levels while integrating their own performance. Here, reliance is placed on historical price movements, resistance and support, without considering the specific trading strategy, and some consideration must be taken. Elements when there is movement in the price, and in the case of analyzing multiple trends, and it is repeated multiple times, through one of the trends that is widely used, which is around the 50% correction level, and its occurrence occurs as a result of that:
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The indicator is controlled by profit taking and therefore pulls it down.
Abundance.
Buyers dominate at the 50% retracement level.
