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FIBO SnR SAKA Andriawan

Description of Fibonacci Levels for Support and Resistance (SNR) with a Statistical Model

Fibonacci levels are widely used in technical analysis to identify potential support and resistance levels in financial markets. These levels are derived from the Fibonacci sequence, a mathematical sequence where each number is the sum of the two preceding ones. The key Fibonacci retracement levels are 23.6%, 38.2%, 50%, 61.8%, and 100%.


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