#Banknifty
Good morning, friends! 🌺🍬
Today is a big day for the market, so I am sharing my Fibonacci levels. I have provided two pictures: one shows the extension levels for the upside. If the market takes a bullish bias, these levels might be useful. On the other hand, if the market takes a bearish bias, use the Fibonacci retracement tool for your downside targets. Usually, we use the Fibonacci minor swings, so you can follow that for better results. The swing should only be changed if it breaks the 78% Fibonacci level in that minor swing. If this happens, you should step down to your swing low, which I have indicated using the oval tool. Have a nice day!🤝
Today is a big day for the market, so I am sharing my Fibonacci levels. I have provided two pictures: one shows the extension levels for the upside. If the market takes a bullish bias, these levels might be useful. On the other hand, if the market takes a bearish bias, use the Fibonacci retracement tool for your downside targets. Usually, we use the Fibonacci minor swings, so you can follow that for better results. The swing should only be changed if it breaks the 78% Fibonacci level in that minor swing. If this happens, you should step down to your swing low, which I have indicated using the oval tool. Have a nice day!🤝
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