UPDATE Retracement Levels Script: Finding Support and Resistance

23 мая 2021 г.I have updated my Retracements Level script to alert traders to long term Support and Resistance levels based on 50% Fibonacci levels. I think that this is a simple and highly valuable tool that every trader should have in their toolbox to identify key levels that price may respect.

In this video I go over the many uses:

• -Long term levels for Entering and Exiting positions
  
• -Multiple Timeframe Analysis
  
• -Catching Catalyst events like Earnings
  
• -Projecting Support and Resistance far into the future