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Open in appFibonacci Retracement Strategy Explained
Fibonacci retracement levels are horizontal lines on a chart that show where support or resistance may appear. Each level measures how much of a prior move has been retraced.
This lesson explains the common levels of 23.6%, 38.2%, 61.8% and 78.6%, plus the widely used 50% level, how the tool is drawn between two significant points such as a high and a low, and how traders use the levels in a strategy.
What you’ll learn
✓What Fibonacci retracement levels are
✓The 23.6, 38.2, 50, 61.8 and 78.6 percent levels
✓Drawing the tool between a high and a low
✓Using levels as 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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