Fibonacci Retracements

Fibonacci Retracements are used to specify horizontal lines at price levels, which can be used to determine probable values of support, resistance and potential price targets based on a market’s previous range. Common values are the Fibonacci sequence 38.2% and 61.8%, although other levels can be added, such as 50%, or 138.2%.


This is a companion discussion topic for the original entry at https://www.optuma.com/kb/optuma/tools/fibonacci/fibonacci-retracements