Fibonacci retracement levels are depicted by taking high and low points on a chart and marking the key Fibonacci ratios horizontally to produce a grid.

Scalpy tells you when to buy and when to sell. It automatically provides simple and precise LONG and SHORT indications. Using proprietary code to determine the most opportune times to buy in or take profit, we take all the guesswork out of the trader's decision making. We use this indicator to double check HAL9000's output and verify when exactly to make those big trades. In a Bull or Bear market, you can make money with this intelligent market oracle. It doesn't get any simpler than using this indicator to trade like a pro.

Technical analysts use these support and resistance indicators to identify price points on a chart where the probabilities favor a pause or trend reversal.