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Open in appFibonacci Retracement Levels Explained for Traders
Fibonacci retracement levels are horizontal lines on a chart that mark where support or resistance may appear after a move. Each level is a percentage of the prior swing, based on ratios from the Fibonacci sequence.
This Quantsapp TV video explains the 23.6%, 38.2%, 61.8% and 78.6% levels, why 50% is also used, and how to draw the tool between two significant price points such as a high and a low.
What you’ll learn
✓What Fibonacci retracement levels are
✓The 23.6%, 38.2%, 50%, 61.8% and 78.6% levels
✓Drawing retracements between a high and a low
✓Using the levels as possible support and resistance
SPEAKERAnkit Rawattrainer , Quantsapp
Seasoned derivatives expert with over 6 years of experience across equities, derivatives, and commodities markets. With a proven track record of successful trading and deep market insights.
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