Ashish Patel

[Ashish Patel @ashishpatela97]

@SriniVega Ignore the critics, They are not the ones who ask for credibility.

You only need to show them this 🚀

[Ashish Patel @ashishpatela97]

@Rainmaker1973 Jonathan Dada 🤟

[Ashish Patel @ashishpatela97]

@Chart_Wallah108 What's your view on BEL?

[Ashish Patel @ashishpatela97]

@hrishikeshhh_ It was configured with https.

https://t.co/5fgTbGKwxS

[Rajat Kumar Singh @tradingwick_]

Master thread on Fibonacci Retracement. 🔥🧵

In this thread, I will explain:

1. What is Fibonacci retracement
2. What are Fibonacci Retracement levels
3. What is the significance of retracement levels
4. How to find retracement levels
5. How to use the retracement levels

Before we get started, please retweet this thread and follow me @imfamousrajat for more technical insights. 🔥

⦿ What is Fibonacci retracement?

▪️ The Fibonacci tool is based on the Fibonacci sequence, a mathematical concept in which each number is the sum of the two preceding ones (e.g., 0, 1, 1, 2, 3, 5, 8, 13, and so on).

It is used in technical analysis to identify potential levels of support and resistance.

▪️ Fibonacci retracement levels are drawn by connecting two significant price points on a chart, typically a recent peak (high) and trough (low).

▪️ The key Fibonacci retracement levels include 23.6%, 38.2%, 50%, 61.8%, and 78.6%.

▪️ The Fibonacci tool is widely used by traders, leveraging the principle of a self-fulfilling prophecy.

This means that its effectiveness is often enhanced by the collective belief and actions of market participants who utilise and trust in its application, thereby influencing market dynamics.

⦿ What are Fibonacci Retracement levels?

▪️ Fibonacci levels are derived from Fibonacci numbers and each level corresponds to a specific percentage, indicating the extent to which the price retraces a prior move.

▪️ The retracement levels, represented by horizontal lines, serve as indicators of potential price stalling or reversal zones.

▪️ It's important to emphasize that these levels may or may not act as horizontal support or resistance points—there is a possibility but not a certainty. Hence, these levels should be viewed as areas of interest.

▪️ These key retracement levels are commonly set at 23.6%, 38.2%, 61.8%, and 78.6%.

Notably, while 50% is not a strictly Fibonacci ratio, it is still widely used as a significant support and resistance level due to its acknowledged importance by traders.

Significance of Fibonacci Retracement levels

The Fib levels can be used in plenty of ways but the most common usage is as follows:

▪️ Price Reversal Zones: The Fibonacci retracement levels are strategically placed to identify zones of interest.

For example: Consider a stock in an uptrend.

Following an upward movement, it retraces to the 61.8% Fibonacci level. Subsequently, the stock resumes its upward trajectory. Given that the bounce took place at a retracement level within the existing uptrend, traders may consider initiating long positions.

▪️ Entry/Exit confirmation: Traders often use Fibonacci retracement in conjunction with other tools to confirm potential entry or exit points.

▪️ Trend Strength Assessment: Fibonacci retracement helps traders in gauging the strength of a trend.

If a retracement is shallow (23.6% or 38.2%), it may indicate a strong trend, while deeper retracements (61.8% or 78.6%) might suggest a weaker trend or potential trend reversal.

[Ashish Patel @ashishpatela97]

@VVVStockAnalyst

[Simon @simonholdorf]

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[Prof. Feynman @ProfFeynman]

If you want to master something, teach it.

[John Hammond @_JohnHammond]

Today I got a notification on my phone that YouTube had sent me a copyright report, claiming one of my videos violated copyright and my channel was going to receive a strike.

Except, my video didn't violate copyright. And YouTube didn't really send me a copyright report.

[Ashish Patel @ashishpatela97]

@mmuekk @ariseandawake @archaeologyart Gujarat, India

https://t.co/P8WzJDyKh1

[Ashish Patel @ashishpatela97]

@help_delhivery It's same response since last two days, Could you please provide and absolute resolution on that?

Need to know the exact delivery date, That will help me to take decisions.

[Ashish Patel @ashishpatela97]

@help_delhivery Parcel is showing delivery date as of 27th and haven't get delivered till today.

AWB no : 8440310451850

Please provide realistic updates.

[Ashish Patel @ashishpatela97]

@help_delhivery @delhivery

Do you have any update on the asked AWB.

[Ashish Patel @ashishpatela97]

@help_delhivery Parcel is showing delivery date as of 27th and haven't get delivered till today.

AWB no : 8440310451850

Please provide realistic updates.

[Ashish Patel @ashishpatela97]

@help_delhivery Parcel is showing delivery date as of 27th and haven't get delivered till today.

AWB no : 8440310451850

Please provide realistic updates.

[Ashish Patel @ashishpatela97]

@goibibo

How can I speak to support executive?

Can I request for call back?

Booking ID : GOFLDMT799F91644484613

[Ashish Patel @ashishpatela97]

@makemytripcare @DeepKalraMMT @DeepKalraMMT @makemytrip @makemytripcare

24 hrs Completed and still counting but no one yet contacted me.

Isn't it a scam to hold of individuals money by such a big entity?

Shame on you guys!!

[Ashish Patel @ashishpatela97]

@makemytrip @makemytripcare #support
Wrost service & support I have ever experienced, Not able to contact any customer agent, IVR keep dropping calls. Also No one do a call back.
Airline already refunded to MMT, And MMT not completing refunded. Trying since last 2 months.

[Ashish Patel @ashishpatela97]

@makemytripcare @DeepKalraMMT

[MakeMyTrip Care @makemytripcare]

@ashishpatela97 We regret the inconvenience caused to you. Please allow us the next 24 hours while we check and update you.