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Fibonacci retracement is a horizontal line with 38 % ,62 % as support and resistance respectively
Ration of fibonacci number divided by previous fibonacci number.golden mean=1.618
Technical indicators are used predict future stock price movement based on past price pattern and volume.
Moving average is average price calculated over a specific number of days.there are two types of moving average.
SMA -Simple moving average
EMA -Exponential moving average
RSI –Relative Strength Index.
Works best during non-trending market.
Buy when RSI >30
Sell when RSI <70
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