Qustion: Can i find the support & Resistance by using fibonacci in 1 minute candlesti

Qustion: Can i find the support & Resistance by using fibonacci in 1 minute candlestick chart?

i mean, is it still work like using by 1 hour chart? and is it useful for one 1 minute chart?

No, avoid small time frames, there are a lot of false signals .

You should use a higher time frame to use fibonacci…say 1 hour +. But just in case you want to know how to plot S/R lines, look for the highest high and lowest low and then look for areas where prices have bounced off and where prices have held. :cool:

I would advise against using such a small time frame because you tend to be trading just market “noise”. As a rule of thumb, S/R works best the higher up in time frames you go.

If you really want to use lower time frames, at least consider using the longer ones to establish the main S/R levels, then use the lower time frames to time your specific entries and exits once prices approach them