FIBO SnR SAKA Andriawan
- Indicators
- Aan Andriawan
- Version: 1.0
- Activations: 20
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%.