The viditrade system’s most commonly applied Fibonacci calculation is 61.8%, whether as the projection of room for noise around a consolidation pattern, the retracement of a trending attempt, or the depth likely to be retraced of a prior pattern. The 61.8% application is also common at the 161.8% and 261.8% extension and retracements. These levels are likely to be attractions and/or to satisfy buying or selling pressure.
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