The Fibonacci retracement levels used in technical analysis are derived by dividing one of these numbers by another number that appears later in the chain. For example, 55 divided by 89 is 61.8% ...

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.

Every trader should be aware of the impact Fibonacci levels and round-number percentage returns can have on stocks Whether you're trading stocks or options, you probably include technical analysis ...