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Whiz is a powerful trading strategy combining the Directional Indicator (DI) and Fibonacci retracement levels. It assesses trend strength and identifies potential price retracement zones. The DI gauges momentum and trend direction, while Fibonacci retracement levels pinpoint support and resistance areas.
Whiz helps traders make informed decisions based on trend strength and potential reversal points. When +DI exceeds -DI, it signals a strong uptrend, while -DI surpassing +DI indicates a downtrend. Meanwhile, Fibonacci retracement levels act as crucial support and resistance zones.
Traders can use Whiz to spot potential buying and selling opportunities during strong trends and anticipate price reversals at Fibonacci levels. Test and validate this strategy on different assets and timeframes for optimal performance.