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Fibonacci Retracement Stock Trading Strategy Using MACD
How I used Fibonacci Retracement Levels, MACD & Python to Create a Trading Strategy.
Note: This article is for entertainment and educational purposes only. It is not intended as financial advice. Be sure to do your do diligence before making any investments.
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In this article, I will show a stock trading strategy using Fibonacci Retracement levels and MACD.
Fibonacci Retracement
Fibonacci Retracement trading uses Fibonacci levels to indicate potential reversals in price movements during a strong trend. According to (Zoran Temelkov 2019 from Currency.com) the Fibonacci Retracement indicator is based on so-called retracements, which means periods in which the price moves against the trend, after which it moves back in the trend direction. -currency.com
