1.About technical indicators which are the supporting tool for demand and supply.
Most indicators works well only if market is in trend and during non trend most of them don’t work.
2. How Fibonacci works in market to identify support and demand level and market truly respect the golden mean.

  • : Technical indicators are supporting tool for demand and supply . With only indicators we can rely on them because everytime they don't support. It is different because it doesn't give any hint of price action or volume in market.
  • : Moving average is an indicator which continuasly gives the average of last 21 days closing price. It works very well in trending zone and never works properly in non trending zone.
  • : RSI: Relative strength index indicator is used in financial market to indicate strength or weakness of either buyer or seller. It starts from 0 and ends at 100 , so inbetween there two horizontal lines can be made one at 30 and other at 70. Buying has to done only when it Crosses above 30.
  • : Fibonacci means it is a series of numbers where each number is sum of preceding two numbers.eg:1,1,2,3,5,8,13,21,34,55,89,144,233,…The logic behind golden mean is if we divide any two consecutive numbers(ex: 55/89) then it gives 1.618 which is same for all the numbers in the sequence. So that's why it is called as golden mean in Fibonacci series.
  • : To identify support or resistance two horizontal lines has to be drawn. These levels are created by drawing two lines by keeping the marker at the lower most tip and another at upper most tip . From there we can identify where suppliers or buyers are respecting the numbers I.e:; 100%, 0.618%, 38.2%, 23.6%,0

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