FIBONACCI BASE BREAKOUT

Fibonacci base breakout

This technique uses the base or the area used for the 0% Fibonacci retracement point, there are no standard rules for this technique, usually I use the area that I consider sideway as the 0% point as the base. Or you can also use 3 parallel candles which are considered sideway, it can be for all timeframes but it is better to use H1 and above

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