Tag: How To Read Fib Retracement

Fibonacci Retracements : How to use them to calculate Support and Resistance

Fibonacci Retracement tools are used to identify key horizontal Support and Resistance levels. Fibonacci Retracement levels are calculated by drawing a trend line between a significant low (represented as a 0% level) and a significant high (represented as the 100% level) and plotting horizontal lines at each of the Fibonacci percentage levels (23.6%, 38.2%, 50% […]

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