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%.

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.

Day Trading Strategies Include Fibonacci Number: Enter at Retracements, Exit at Extensions “By identifying clear reversal points, it is possible to catch a trade all the way to an extension ...

Join host David Keller, CMT as he shares how he uses Fibonacci retracements to anticipate potential turning points. He takes viewers through the process of determining what price levels to use to set ...

Traders swear by Fibonacci retracement — a simple yet powerful tool that helps decode the market’s twists and turns. Rooted in a centuries-old mathematical sequence, these key levels reveal where ...

You can also follow us on YouTube for more examples of how to use the Fibonacci retracements with the ONE44 rules and guidelines.

From a technical standpoint, the most important level to watch right now is the .612 Fibonacci retracement from the weekly swing high of $110,000 to the low of $74,450.