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What Are Fibonacci Retracement Levels, and What Do They Tell You?

What Are Fibonacci Retracement Levels, and What Do They Tell You? The starting point for a Fibonacci retracement is determined by the recent price swing. You’ll identify the swing high (the peak of the upward trend) and the swing low (the trough of the downward trend). The Fibonacci tool is then applied between these two […]

What is a Fibonacci Retracement Definition, Benefits & Disadvantages

What is a Fibonacci Retracement Definition, Benefits & Disadvantages It is based on the idea that markets will often retrace a predictable portion of a move, after which they will continue to move in the original direction. Fibonacci retracement is a technical analysis tool used to identify potential levels of support and resistance in a […]