Find out more about Fibonacci retracement levels and how some forex traders use them profitably in their trading strategies.

Fibonacci retracements are tools to draw support lines, identify resistance levels, and place stop-loss orders. Learn how to use Fibonacci ratios in trading.

And to me, that made great sense." Fibonacci retracements are drawing tools and chart indicators that can be applied to both uptrends and downtrends in an asset's price.

Fibonacci retracement analysis can work in any time-frame from weekly to minute-by-minute charts. This is down to the fractal nature of markets. I have covered this principle in the glossary.

Using the Fibonacci ToolTraders will then look for sells at the 50% or 61.8% retracement levels and place their protective stop beyond the 61.8% level. Others may use a technical indicator ...

A growing number of traders are looking to technical analysis tools to help them trade the ETF universe, which now extends to almost every financial niche imaginable. The Fibonacci Retracement ...