3- According to the series, so that you are not familiar with drawing on a chart, we will talk about the Fibonacci indicator, as the last indicator is a technical analysis tool used to determine support and resistance levels on the chart in the financial market. It is based on a series of numbers called the Fibonacci sequence and includes famous mathematical ratios. The 0.1618 point is considered the golden value for this series, as the indicator is used to divide the range between the highest and lowest prices into levels with specific Fibonacci ratios. These levels are considered potential support and resistance. The Fibonacci indicator is used in many financial assets and is a powerful technical tool for analyzing markets, but it must To be used alongside other analysis tools.
