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By using the Fibonacci tools to connect the swing low with the swing high, hidden levels of potential support and potential price targets were revealed. USD/CAD bounced sharply from 1.0280 at the ...
A failure to break above $0.35 could see DOGE retesting the 0.5 Fibonacci support at $0.29. Further downside could target the 0.618 level at $0.24, posing risks of extended bearish sentiment.
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%. How ...
Fibonacci retracement levels, derived from the Fibonacci sequence, are used to identify potential support and resistance levels. Key percentages include 23.6%, 38.2%, 50%, 61.8%, and 78.6%.
A potential drop to $152.40, marking the 61.8% Fibonacci retracement level, can’t be excluded, and such a scenario would signal the entry into a bear market, reflecting a downturn of over 20% ...
If you were to draw Fibonacci retracement levels on the S&P 500 based on the bear market we all had to suffer through from the highs.
From dailyfx.com. Talking Points - Use Fibonacci tool by connecting the last swing low and last swing high to display 5 possible areas of support - Look for price to turn at one of these 5 main levels ...