Dear friends i gave fibo retracement levels.........
now you can learn Fibo.Time zone levels take from 8 and look at this chart how the trend changes as per the time zone...according to this chart 66 candles are completed 23 more to go for trend reversal pls. note this chart makes 2 candle a day..accordingly 12 more trading days to go for main trend reversal that is aprox. 21st of feb.. trend can be up or down....till that time nifty may be in consolidation.. blue and red lines are good support levels....and res..what high it made earlier..
If you have charting tool with fibo time zone it can work even in intra day..
formula is same 8..13...21.. what it is ...Mathematical calculation....
fibo ..1+1=2....2+1=3....2+3=5.....3+5=8......8+5=13......21...34..55..89.and it goes on......
LEARN FROM BELOW
http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_time_zones