Fibonacci retracements are popular among technical ... Technical traders attempt to use them to determine critical points where an asset's price momentum is likely to reverse.

as the market moved toward pre-determined points. The key is to add another layer on top of the Fibonacci retracements to determine if the target levels Once the market arrives, you can use other ...

In most cases, the percentage retracements built into the tool give pretty accurate turning points for rallies in a bear market, and dips in a bull market. Fibonacci retracement analysis can work ...