Fibonacci Retracement

What are Fibonacci Retracement? Fibonacci Retracement utilises Fibonacci sequences to identify potential reversal levels. In technical analysis, a Fibonacci Retracement is created by taking the two extreme points (major peak and trough) and dividing the distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%. Once these levels are identified, horizontal lines … Read more