What are Fibonacci Retracement Levels & Extensions?
It is a temporary dip in a generally upward trending asset price. Unlike ‘reversal,’ which are more permanent price drops, a pullback remains only for a short while. It uses the Fibonacci sequence of natural numbers to calculate these levels. The unique attributes of these numbers give retracement ratios (23.6%, 38.2%, 61.8%, and so on) …
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