Learn how to use Fibonacci retracements as part of a forex trading strategy. Fibonacci levels are watched to identify support and resistance levels.

We plunge headlong here into the intriguing world of Fibonacci retracements and their use in trading indices.

Fibonacci retracements are tools to draw support lines, identify resistance levels, and place stop-loss orders. Learn how to use Fibonacci ratios in trading.

What Is Fibonacci Retracement and How to Use it Fibonacci retracement is a technical analysis tool used to identify potential levels of support and resistance during a price pullback.

Using practical examples like EURUSD and oil, I’ll show you how to apply Fibonacci levels effectively—whether you’re a day trader or focusing on medium-term trends.

Technical analysts often use Fibonacci retracement levels as targets when trading stocks. The key Fibonacci numbers are ratios derived from the Fibonacci series. A Fibonacci series starts with 0 ...

Usually these retracements are temporarily halted or end at 38.2%, 50%, and 61.8% of the previous move. A lot of people don't understand Fibonacci or don't care for it.