Trendline Breakout:
Trendlines are lines drawn on a price chart to represent the direction and strength of a trend.
A trendline breakout occurs when the price moves above or below the trendline, signaling a potential change in the trend.
Fibonacci Support:
Fibonacci retracement levels (e.g., 61.8%) are used to identify potential levels of support or resistance. Fibonacci support suggests that during a price retracement in an uptrend, the price may find support at one of these Fibonacci levels.
Trendlines are lines drawn on a price chart to represent the direction and strength of a trend.
A trendline breakout occurs when the price moves above or below the trendline, signaling a potential change in the trend.
Fibonacci Support:
Fibonacci retracement levels (e.g., 61.8%) are used to identify potential levels of support or resistance. Fibonacci support suggests that during a price retracement in an uptrend, the price may find support at one of these Fibonacci levels.