I have been demonstrating lots of charts , in powerfull moves on both sides, showing the way ,how i use fibonacci ratios, to arrive at targets.
if readers are still confused, here i am trying to explain one important method.When , i find a sudden fast move in the opposite direction of the current trend,,(doesnt matter, if the move is in 1 min chart or on hourly charts)..i simply take retracement ratios (1.27,1.618 and 2.618)..for THE LATEST move in the current trend.
IF the current trend is down, and i see a fast upmove on the upside, i take last leg of the down move and take reverse fibonacci ratios. 1.27..1.618 and 2.618 levels are my 1,2,3 targets andalso resistance levels.
here is an example of 1 min nifty chart.

more steam in it,than we have to take, one higher leg of the prev. fall to get higher targets,in this following chart, a reader can see ,how wonderfull these levels works.

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