Technical Analysis: Fibonacci Retracement Levels
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Technical Analysis: Fibonacci Retracement Levels

Intuition Publishing
Updated Sep 25, 2020

Fibonacci retracement levels are based on a number sequence discovered by Leonardo Fibonacci in the 13th Century, and can identify possible key support and resistance levels. We outline these Fibonacci ratios and their application as retracement levels. We then also investigate how the market tends to behave around these levels.