The Fibonacci sequence, commonly attributed to medieval Italian mathematician Leonardo Fibonacci (c. 1170-1250), has a rich history spanning multiple civilizations and millennia.

Fibonacci retracements are tools to draw support lines, identify resistance levels, and place stop-loss orders. Learn how to use Fibonacci ratios in trading.

Let’s define Fn as any number in the sequence, and then define (n-1) as the number positioned just before Fn, and (n-2) as the number two positions before Fn in the sequence. For any Fibonacci ...

In this section, I will discuss how to use a Fibonacci retracement to time trade entries and to control risk. This is done through identifying profit targets and initial stops or hedges. In the next ...

The use of Fibonacci retracement levels offer s three levels of potential support in an uptrend and three levels of resistance in a downtrend. T hey are the 38.2%, the 50% and the 61.8% levels.