A Basic Indicator for Regime Detection

Creating a Simple Fibonacci-Based Concept to Understand the Market’s Current State

Fibonacci is known in the world of trading as a method to find support and resistance levels. Generally, traders use retracements and projections to predict market reactions. In this article, we will stay in the world of Fibonacci but see how we can understand whether the market is in a short-term bullish or a bearish regime using the sequence.

If you ar…