Fibonacci levels of retracement are the most popular technical analysis tool for swing and scalping traders. They are based in a harmonic mathematical sequence and the golden ratio. The Fibonacci Retracement Tool can be used to track price reversal points and confirm trend reversal. This review will explain how Fibonacci levels are constructed and how the Fibonacci tool can be used to make money in financial markets.
How to use Fibonacci’s retracement
A price chart is one of the most popular auxiliary tools for technical analysis. It shows support and resistance levels. The breakout of key levels confirms a… Read full author’s opinion and review in blog of #LiteFinance
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