Mastering Profit-Taking: Using Fibonacci Levels in Strong Uptrends
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Fib Retracement Tool Used on TradingView
The Fibonacci retracement tool (shown below) is one of my most relied-on tools when analyzing higher timeframes (daily, weekly, monthly) to identify projected upside targets in strong bull trends.
You can use it by measuring from a local high down to a local low, which then projects upside technical targets. The 1.…