Fibonacci Retracements
An excerpt from our Academy Module.
Executive Summary: The "Why" and "What" of Fibonacci Retracements
Fibonacci retracements are a powerful tool in a trader's arsenal, used extensively in technical analysis to predict potential reversal levels in the price charts of financial assets. This tool is based on the Fibonacci sequence, a series of numbers where each subsequent number is the sum of the previous two. The core of Fibonacci trading is in the ratios derived from this sequence: 23.6%, 38.2%, 50%, 61.8%, and 78.6%, which ar...