Fibonacci and Chart Pattern Trading

29 mag 2020

Descending triangle is in the making. Not confirmed even if we see a rejection at this down sloping trend line. Also just a quick look at the use of the fibonacci retracement tool. We have the extreme high @ 10220 (nice round number 🤔) down to the low of correction @ 8220. A rejection off the 78% fib is common in trading. 78% 38% and the 618 fibs are key in trading and in using fibonacci.
Any likes are much appreciated. Any questions can be left in the comments section. I'll be happy to get back to you. 👍