Where Should I Place a Stop-Loss Stocks Order using Stock Fibonacci Retracement Indicator?

Determining Where Should You Place a StopLoss Stocks Order using Stock Fibonacci Retracement Indicator?

Stock Fibonacci Retracement Levels Indicator

Fib retracement levels provide areas of support and resistance, these areas can be used to set stoploss levels.

Stock Fibonacci Retracement level 61.8 % is the most commonly used level for setting stop-losses. A stop-loss order should be set just below 61.8 % fibonacci retracement level

The 61.80% retracement level is used to set these orders since its rarely hit.

Where Should I Place a StopLoss Stocks Order using Stock Fibonacci Retracement Indicator?