How to Use the Bear's Power Indicator in Fixed Time Trading on Olymp Trade Platform

 

The Bear's Power indicator is a technical analysis tool that measures the strength of a downward price moves. The indicator can be used to identify potential reversals and trade accordingly. In this blog post, we will discuss how to use the Bear's Power indicator in fixed time trading on the Olymp Trade Platform.

What is the Bear's Power Indicator?

The Bear's Power indicator is a technical analysis tool that measures the strength of a downward price move. The indicator is based on the Fibonacci sequence. The indicator can be used to identify potential reversals and trade accordingly.

How to Use the Bear's Power Indicator

To use the Bear's Power indicator, first, select the Fibonacci tool from the toolbar at the top of the charting window. Next, click on the high point of the current downtrend. Finally, drag the Fibonacci tool down to the low point of the current downtrend.

 

The lines that are generated by the Fibonacci tool represent different levels of support and resistance. These levels can be used to enter and exit trades. For example, if the price breaks below the 61.8% Fibonacci level, this could be an indication that the downtrend is continuation. A trader may then decide to enter a short position at this level.

Conclusion:

In conclusion, the Bear's Power indicator is a technical analysis tool that can be used to measure the strength of a downward price move. The indicator is based on the Fibonacci sequence and can be used to identify potential reversals and trade accordingly. We hope you found this blog post helpful! If you have any questions, please feel free to contact us!

 


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