Yes. No all Fib retracements can be support and resistance. Each value has different p value. Usually, Fib retracements with p value < 0.005 are considered important one and they will appear more often (than random chance).
Again, thank Liquid validity for your answer. This paper doesn't...
Thank chaselancaster, Shakone, Liquid validity for your answers
Thank Traderallen :thumbsup:. Your reason also makes Fibo value happens more often than the usual
Thank Purple Brain :smart:, this is what I want. I found some similar things your answer at the link below.
Each Fibo value has...
Thank Liquid validity. I dont find the right answer for my question.
Cablemonster. Yup, I agree that there are some levels that buyers and sellers have a fight on price. But I want to know why they fight at 0.618, 0.382... Why they always fight at those numbers. How about 0.617, 0.616...
Hi, I try to find out "why Fibonacci ratio can become the Support or Resistance" in our forum, as links below
Trading with Fibonacci
http://www.trade2win.com/boards/training-education/16387-why-successful-traders-use-fibonacci-golden-ratio.html
Here is the link which says that "reasons that are...