Use Fibonacci levels in the short term

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Daily trading in the financial markets is considered an exciting matter, despite the many and continuous fluctuations it involves. Therefore, applying Fibonacci levels on short time frames is considered ineffective. The shorter the time frame, the less reliable the retracement levels are.
متتابعة فيبوناشي
The fluctuations witnessed in the financial markets, especially for daily trading, may lead to a deviation in the levels of support and resistance. This makes it extremely difficult for the trader to be able to choose the levels at which he trades.

These dynamics may make it more difficult to place stops or take profits. Retracements may create weak or tight meeting points. Therefore, it must be remembered that increasing the data used helps in obtaining a stronger analysis. Also, sticking to a long time frame when using Fibonacci levels helps increase the reliability of each price level.