RSSCategory: Charting Patterns

Fibonacci Retracement

Fibonacci Retracement

| October 15, 2010 | 6 Comments

Fibonacci retracement (pronounced fib-on-arch-ee) is a very popular technical analysis tool. In fact, it’s a key tool that technical traders use, which makes it even more powerful since it becomes a self-fulfilling prophecy (the more people who use the tool, the more effective the tool will become). Fibonacci retracement is based on the key numbers [...]

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