One important and well-known idea in the world of finance and stock markets is the Fibonacci Strategy. This strategy, which is applied across a range of financial platforms, gives investors security that strong trustworthiness and financial stability remain in the current economic situation.
The Fibonacci look at has a very modest and simple beginning. It is based on the calculations of Leonardo Fibonacci, the Greek mathematician whose mathematical ideas date back thousands of years.
In the financial and stock markets, the Fibonacci technique is widely used. With the help of this method, investors can minimize unnecessary losses and maximize earnings. The Fibonacci technique helps investors make wise choices and points them in the direction of the best financial market investments.
In basic terms, the Fibonacci approach is a trading technique based on support levels. Investors can use this method to base their selections on a variety of stock market factors. It gives investors the power to choose carefully, improves their capacity for making judgments, and directs them toward obtaining the highest possible returns.
When using the Fibonacci strategy, you need to understand its fundamental ideas and how each of its parts functions. The Fibonacci technique can be a useful guide for anyone thinking about investing in the financial market because it is a simple plan.
Friends our first strategy is base on fibo that means we will not use any indicator in strategy solely price action is going to use here we , first of all you have to look at the below images carefully
This is the chart of the 15 minute time frame of banknifty, if we had entered at the beginning of the day, our capital would have doubled but how we can capture this momentum, we will know next
1st 15 MINUTE CANDLE
Friends, as soon as the market opens, you have to let the first 15 minutes of candles close, that means the market has opened, whether there is a red candle or a green candle, just wait for it to close and like the first 15 minute candle is closed, there you have to Fibonacci is to be applied as given below
In this way you have to put Fib in the first 15 min candle as given below which is the first important level and high Pay or Dussehra important level as given below
