Background Knowledge – Fibonacci Retracement
background knowledge 🌀 Fibonacci Retracement: The Trader’s Guide to Support, Resistance & Market Timing 📌 What Is Fibonacci Retracement? Fibonacci Retracement is one of the most popular tools in technical analysis used by traders to identify potential: 📍 Support zones📍 Resistance zones🎯 Entry points💰 Profit targets🛡️ Stop-loss locations The tool is based on the Fibonacci sequence, a mathematical pattern discovered…