What is Silent Entry?

Silent Entry (Fib Retracement)

Explanation and Usage: Silent Entry uses Fibonacci retracement levels to identify pullbacks within a trend. In a downtrend, it marks the Fibonacci retracement from the recent high to the new low. When the price pulls back to the 61.8% retracement level and rejects it, the indicator generates a sell signal. The reverse applies in an uptrend, with buy signals generated on pullbacks to the 61.8% level.

Example Scenarios: In a downtrend when the market pulls back to the 61.8% retracement level, rejects it, and continues downward, a sell signal will appear.