What Is Fibonacci Retracement and How to Use it Fibonacci retracement is a technical analysis tool used to identify potential levels of support and resistance during a price pullback.

Fibonacci retracement levels are a strategy that some traders use to analyze a stock’s resistance levels. You can use many different retracement levels but one of the most common is 61.8%.

Fibonacci retracement uses percentages (23.6%, 38.2%, 61.8%) to predict stock reversals. Investors apply these levels to set price goals or determine entry and exit points. Using multiple data sources ...

The S&P 500 just needs a little push to pull off a major technical comeback. Using closing prices, the S&P 500 fell 1,161.38 points, from its Feb. 19 record close of $6,144.15 to its April 8, one ...