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.

Fibonacci retracements are valuable technical analysis tools that enable an investor to sniff out a stock's possible support or resistance areas.

Per Investopedia, a Fibonacci retracement is “is a term used in technical analysis that refers to areas of support (stops going lower) or resistance (stops going higher). Fibonacci retracement ...

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