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HafiqAiman
Jul 14, 2020 7:37 PM

TA analysis using Fibonacci Retracement Education

PUNCAK NIAGA HOLDINGS BHDMYX

Description

As you can see on this chart, i want to share something interesting.
Today i applied this method also on other counters and most of them show the same results.
As you can see, price already reached fibo retracement level 50-61.8% which i believe many other traders who are using fibo will also noticed this same pattern.
Usually price will take a break from here,in other word retracement will happened once price reached this level.
This method is simple, find the nearest base between fibo retracement 50-61.8%. Sometimes the base could be below/above 61.8%.
Since this is a long term view, intraday traders may not applied.
Just be careful with indices as they are approaching peak value

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Where To buy?
Best and safest place to enter when price retrace back to 50-61.8% retracement. Find the nearest base around this level

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Others example

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EFORCE- Take a break once reached 50-61.8%

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Retrace from here


Best area to buy

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Comments
vbx21
HafiqAiman...marvellous. Thank you for sharing the knowledge.
melancholiafx
nihsin bagaimana ya
HafiqAiman
HafiqAiman
@melancholiafx, TF kecil xnmpk.. TF besar baru perasan.. Mungkin semua akan ada heavy selling lepas ni
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