A Twitter user recently made accusations that TradingView has neglected to address a fibonacci setback error for a significant period of time, according to reports, five years. This statement has caused some concern within the commercial community, since Fibonacci’s backward levels are a vital tool used by many operators to analyze price movements and possible support/resistance levels.
The Fibonacci setback tool is based on the Fibonacci sequence, which is a series of numbers where each number is the sum of the previous two. Operators use these levels to identify key areas where the price of an asset can be reversed or consolidated.
If the error mentioned by the Twitter user is really legitimate and has been left without addressing for five years, he raises questions about the reliability of the TrainingView platform and the impact it could have had on merchants that depend on the precise levels of setback Fibonacci for analysis.
It is essential for commercial platforms such as TrainingView to address and solve any error or problem immediately to ensure that its users can trust the tools and features provided. Uncreated errors could lead to an inaccurate analysis, resulting in financial losses for merchants.
Merchants are recommended to be cautious when using any tool or characteristic on trade platforms and staying informed about any reported problem that may affect the accuracy of their analysis. Stay up to date with the news and developments within the commercial community is crucial to make informed commercial decisions and administer the risk effectively.
