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From:
Liberated Stock Trader
(Uncensored)
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The Fibonacci Trading Myth: 1,136 Years of Data Debunked
https://www.liberatedstocktrader.com/how-to-use-fibonacci-retracement/
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In technical analysis, Fibonacci retracement is used by traders to predict levels of support and resistance by drawing horizontal lines according to the Fibonacci sequence. But Does It Work?