What Are Fibonacci Levels & How To Trade With Them

Fibonacci Levels Explained

The Fibonacci retracement tool has become a relatively popular technical tool among traders, primarily due to the clarity that it can bring when attempting to identify corrective and trend movements in the Forex market. The majority of sufficiently strong trend movements in the forex market are developed in stages. The first market impulse is formed, which can then have a relatively small corrective action, before a continuation of the primary trend. The Fibonacci levels can be an excellent tool for identify key areas in all market conditions. What are Fibonacci levels? Fibonacci, also known as Leonardo Bonacci, Leonardo of Pisa, …READ MORE