Fibonacci Retracement and Extensions Video Tutorial What is the Fibonacci Numbers and the Golden Ratio? Leonardo Pisano Bogolla is the founding father of the Fibonacci sequence.

After price pulls back and bounces from one of these levels, price usually moves up to one of four major Fibonacci extension levels; 0.618, 1.000, 1.27, and 1.618.

Draw Fibonacci retracement and extension grids to identify hidden support and resistance that may come into play during the life of a trade.

While Fibonacci ratios are often used to identify retracements, they are also very useful in finding price targets when applied as an extension to the price trend.

In his latest spread betting video tutorial John C Burford deals with the basics of Fibonacci theory and how it can help you decide where to enter and exit trades.

Fibonacci extensions are also commonly used with other chart patterns such as the ascending triangle.

BTC Faces Golden Fibonacci Hurdle at $122K, XRP Holds Support at $3 BTC bulls need to overcome the 161.8% Fib extension, the so-called golden ratio.