What Is Fibonacci Retracement and How to Use it Fibonacci retracement is a technical analysis tool used to identify potential levels of support and resistance during a price pullback.

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 ...

Day Trading Strategies Include Fibonacci Number: Enter at Retracements, Exit at Extensions “By identifying clear reversal points, it is possible to catch a trade all the way to an extension ...

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From a technical standpoint, the most important level to watch right now is the .612 Fibonacci retracement from the weekly swing high of $110,000 to the low of $74,450.