Figure 1 shows a chart of the iShares Core S&P 500 ETF (IVV, A-) where the Fibonacci Retracement tool has been applied to the most recent wave of an uptrend.

Fibonacci retracements are a tool used in financial markets to find points of support and resistance on a price chart. These levels are found by first pinpointing a high and low of a assets ...

A Fibonacci retracement level can be used as support or resistance levels. You can evaluate the region that is targeted by the retracement as a place to enter a counter trade of the current trend ...

Plotting Fibs on Your Charts The Fibonacci price levels on a chart are referred to as Fibs. Many charting packages have drawing tools that include Fib retracement.

Today, he mainly trades crude oil, gold, and currencies using a technical-analysis tool called Fibonacci retracement. He's also a teacher and coach helping others learn how to chart at HowToTrade.com.

How to draw Fibonacci retracement levels in the EUR/USD forex graph A retracement takes place when a trend has already been established.

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.

Figure 1 shows a chart of the iShares Core S&P 500 ETF (IVV, A-) where the Fibonacci Retracement tool has been applied to the most recent wave of an uptrend. The Fibonacci levels mark potential ...