GOLDEN ZONE - Fibonacci

1. Dez. 2022Hello guys! Take a look at how smoothly the market respects the Golden Zone on Fibonacci retracement levels. The Golden Zone or Golden Ratio is the area between 50% and 61.8% on retracement levels, which acts as a strong support zone. After an impulse, on the correction the price usually gets rejected by this zone and it continues its previous trend. However, if it is broken, there is a high change of a trend reversal, as we can see in this chart.