Fibonacci retracement

Technical analysis tool used by traders to identify potential support and resistance levels in financial markets. It is based on the idea that markets will retrace a predictable portion of a move, after which they will continue to move in the original direction, with key levels derived from the Fibonacci sequence. This tool is primarily utilized by traders and investors to determine potential reversal points, entry points, stop-loss levels, and take-profit targets.

Fibonacci retracement was discovered on April 22nd 2023 and it currently has a search volume of 33.1K with a growth of +133%.