Technical indicator

Technical indicators are algorithm indicators which indicates the price trend but not decision makers
Support tool to confirm the price movement.
it does not involve demand and supply.
• Average of moving trend (short term 21 days)
• But does not works in side ways
• Current price above average  bullish
• Current price below avarage bearish
• RELATIVE STRENGTH INDEX
• RSI>70 Indicates strength
• RSI<70 over bought temp weakness (sell)
• RSI30 over sold temp strength (buy)
he Fibonacci sequence of numbers is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, etc. Each term in this sequence is simply the sum of the two preceding terms, and the sequence continues infinitely. One of the remarkable characteristics of this numerical sequence is that each number is approximately 1.618 times greater than the preceding number.
89/144 =0.6180
golden 61.8%
Fibonacci retracements uses horizontal lines to identify support or resistance. these levels are created by drawing two trend line to two extreme and dividing the vertical distance by the key Fibonacci retracement