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    Thread: What are the weaknesses of fibo indicators

    1. #1
      My pips hand is weak
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      Default What are the weaknesses of fibo indicators

      Is there a forum trader friend here who uses fibo indicators
      What is the weakness of this indicator
      Please explain and experience trader friends.
      thank you

    2. #2
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      Dear friends, thank you for sharing in this forum. Another weakness of Fibo is that it can only show the possibility of corrections, reversals and recounts. This system struggles to confirm other indicators and does not even provide strong or weak signals that are easily identified. For this reason, Fibo requires other indicators or technical signals.

      The Facebook trading tool experiences the same problem as other universal trading strategies, such as Elliott's wave theory. That said, many traders find use for Fibo and have found success using it to place transactions in larger price trends.

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