Select the Fibonacci Retracement tool in your charting or trading platform and apply it by extending the tools two points to the high and low of the most recent price wave.

Fibonacci retracements are valuable technical analysis tools that enable an investor to sniff out a stock's possible support or resistance areas.

This article delves into how Fibonacci retracement works, its application in crypto trading, and real-world examples of how traders use this tool to improve their trading outcomes.

Created with Marketscope/Trading Station II Fibonacci Retracement Levels The prominent feature of Fibonacci is the series of retracement levels that are offered as potential support and/or resistance.

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 ...

Cryptocurrency traders use Fibonacci retracement lines because they provide the highest and lowest possible prices in a certain period of time, then dividing the distance on the chart by these ...

The key Fibonacci percentages help traders identify support and resistance levels As new traders flood the market, a return to the basics may help novices understand the fundamentals of options ...

Traders swear by Fibonacci retracement — a simple yet powerful tool that helps decode the market’s twists and turns. Rooted in a centuries-old mathematical sequence, these key levels reveal where ...

The bulls need to hold Fibonacci retracement support and rally through $1,331.40 to shift the near term technical bias firmly back to the bullish camp.

Trading Trends with FibonacciNow that the trend the trader wants to trade has been identified, the Fibonacci retracement can be added to the chart with the trader’s charting software. The ...