How to Analyze 61.8% Stock Chart Fibonacci Retracement Level

Indices Trade 61.80% Fibonacci Retracement Areas on Charts?

• 61.8% Fib Retracement Level

The 61.8% Fibonacci Retracement Level is only used to set stop losses. traders who open trades using Fibonacci retracement trading strategy will use the 61.8% Fib Retracement Level to set stop losses for their open stock trade orders.

61.8% Fib Retracement Level is commonly used to set stop loss levels because most of the times price retracement rarely gets to this 61.8 % Indices Fib Retracement Level.

Fibonacci Retracement Zones indicator is drawn in direction of the market trend - drawn upward in an up trend & downward in a down trend.

61.8 % Stock Chart Fib Retracement Level - Analysis

61.8 % Stock Chart Fib Retracement Level - How to Analyze 61.8% Fibonacci Retracement Level

61.8 % Stock Chart Fib Retracement Level - How to Trade 61.8% Fib Retracement Level

61.8 % Stock Chart Fib Retracement Level - How to Trade with 61.8% Fib Retracement Level

How to Trade with 61.8% Fib Retracement Level

To trade using 61.8% Fibonacci Retracement Level stock traders should first of all draw the Fibonacci retracement tool on the chart in direction of the market trend and then use this 61.8% Fib Retracement Level to place stop losses for their stock trade orders.