# Advanced Fibo levels-rocket ea forex The Fibonacci sequence is a series of numbers where each number is the sum of the previous two. The sequence starts with 0 and 1, and the next number in the sequence is always the sum of the previous two.

The Fibonacci sequence has many applications in mathematics, but it also has applications in trading. Fibonacci levels are used by traders to predict areas where the price might find support or resistance.

In this blog post, we will take a look at some advanced Fibonacci levels and how they can be used to trade forex pairs.

## Description forex Advanced Fibo levels

The Advanced Fibonacci Levels are a set of three numbers that are key to understanding and trading forex. They are the 0.0, 0.5, and 1.0 levels. These numbers represent the percentage of the move that is retraced before the market continues in the original direction. The Advanced Fibonacci Levels are important because they help traders identify support and resistance levels, as well as potential entry and exit points.

The 0.0 level is the point at which the market starts to move in the opposite direction from where it was previously moving. This is an important level because it can be used to identify a change in trend. The 0.5 level is the point at which 50% of the previous move has been retraced. This level can be used to identify potential support and resistance levels. The 1.0 level is the point at which 100% of the previous move has been retraced. This level can be used to identify potential entry and exit points.

## Review forex Advanced Fibo levels

Fibonacci levels are a very popular tool among technical traders and are based on the Fibonacci sequence of numbers. The most important Fibonacci level is 61.8% and is derived from dividing a number in the Fibonacci sequence by the number that immediately follows it. For example, 21 divided by 34 equals 61.8%. Other popular Fibonacci levels include 38.2%, 23.6%, and 100%.

These levels can be used to identify support and resistance areas, as well as potential trade entry and exit points. For example, if the price of a currency pair is trading near the 61.8% Fibonacci level and then starts to move higher, this could be an indication that the pair is starting to trend higher and that traders should look for buying opportunities. Similarly, if the price is trading near the 38.2% level and then starts to move lower, this could be an indication that the pair is starting to trend lower and traders should look for selling opportunities.

While Fibonacci levels can be useful, it’s important to remember that they are just one tool in a trader’s toolbox and should not be relied on exclusively when making trading decisions.

When you understand how to trade with Advanced Fibonacci levels, you can give yourself a big edge in the markets. In this article, we’ll take a look at what Fibonacci levels are and how you can use them to improve your trading results.

What Are Fibonacci Levels?

Fibonacci levels are a series of numbers that were first discovered by Leonardo Fibonacci in the 13th century. The Fibonacci sequence starts with 0 and 1, and each subsequent number is the sum of the previous two numbers. So the sequence looks like this: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144…

As you can see, each number in the sequence is roughly 1.618 times greater than the previous number. This relationship is known as the Golden Ratio and it’s found throughout nature. The Golden Ratio is also an important tool for traders because it can be used to identify key support and resistance levels in the market.