Are you tired of manually drawing support and resistance levels and Fibonacci retracements?

[TradeWizards]

Please discuss methods for drawing past support and resistance levels and Fibonacci if you have any ideas or methods.

 

[TradeWizards]

The validity of supports and resistances is directly related to the number of their collisions, and they should be checked carefully for the past periods, which is a difficult task.
These levels are not a specific line but an area in terms of market volatility.
Sometimes missing one of them can cause you to exit or enter a wrong trade.