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How to Use Fibonacci for Entries and Exits
One of the best ways to trade stocks is by spotting support and resistance points.
It’s why so many traders use Fibonacci Retracement Lines – which is based on the belief that stocks will retrace prior moves. However, when it comes to Fibonacci, we’re not just looking for double, and triple tops, or bottoms. We’re looking at what happens at key retracement levels set at retracement levels of 23.6%, 38.2%, 50%, 61.8%, and 76.4%.
Technical Analysis: RSI Can Lead to 80% Success
Traders are often told to buy excessive fear or greed.
Unfortunately, many aren’t aware of when to actually pull the trigger, or realize when fear or greed have gotten way out of control.
But there’s a simple way to know exactly when to buy and when to sell.
Using the RSI Indicator Correctly Can Increase Your Odds of Success
Of the dozens of indicators on the market, one of my personal favorites is Relative Strength (RSI), a momentum oscillator that measures the speed and change of price movements of a stock. The closer RSI gets to its 30-line, the more oversold the stock is considered to be. The closer RSI gets to its 70-line, the more overbought the stock is considered to be.
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