The high in August 2013 (point 2) just reached the 38.2% Fibonacci retracement resistance from the high at $174.07. This, therefore, was a key level of resistance.

Fibonacci Fans use Fibonacci ratios based on time and price to construct support and resistance trendlines; also, Fibonacci Fans are used to measure the speed of a trend's movement, higher or lower.

Inside The Incredible World Of Fractals, The Beautiful Patterns That Investors Use To Analyze Charts By Eric Platt Dec 9, 2011, 12:25 PM PT Add us on ...

Fibonacci Extensions This tool is used by technical traders to forecast potential areas of support or resistance. First plot the high and the low. In the figure below, $45 is high, and $36 is low ...

For investors who may have missedthe stellar rally in the auto sector, the markets might be offering opportunities in two other sectors now. According to SEBI-registered analyst Financial Sarthis, ...

Fans displayed on the charts by following the same principles of drawing the Fibonacci retracement points: drawing a trendline from one price extreme to another, either from a peak to a trough, or ...