Growin Fibonacci Zone

The Auto Fibonacci Zone indicator, developed by Growin, addresses the fluctuating nature of stock trends by automatically generating support and resistance zones using Fibonacci levels, streamlining technical analysis and enhancing trading decision-making efficiency. Its core features are divided into two parts:

1. Automated Support/Resistance Zones:
   • Utilizes key Fibonacci levels (0.382, 0.5, 0.618) to dynamically establish support and resistance areas:
     • Blue Channel: Represents short-term support/resistance zones.
     • Red Channel: Represents mid-term support/resistance zones. In a downtrend, channels above the price act as resistance, likely triggering reversals upon contact; in an uptrend, channels below the price serve as support, likely prompting rebounds upon touch.
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2. Trend Reversal Analysis: Predicts trend shifts through channel position changes. For instance, when the blue channel surpasses the red channel and positions above the price, it signals a shift from bearish to bullish, with subsequent pullbacks to the channels acting as support to sustain upward movement.