Fibonacci Retracement Levels

Using Retracement Levels in Your Trading

Fibonacci Retracement Levels are one of the most powerful (and underused) tools available to traders. These measurements are of great use with any market that is reasonably liquid. Many technicians have noted that markets tend to reverse or consolidate once they reach one of these ratio levels (measured from the distance of the previous trends reversal). They can used as entry levels, exit levels and even as a money management tool

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