Fibonacci ratios are widely used to develop price targets for retracements on countertrend moves. A Fibonacci retracement will help spot support levels in an uptrend or resistance in a downtrend.

The Fibonacci Fan draws dynamic, diagonal support and resistance lines based on the initial swing – in this case, the 2011 ...

When trading, the numbers on a chart tell a story. It is a story of rhythm, of ebb and flow, of expansion and contraction. This narrative can sometimes be interpreted through a mathematical sequence ...

The Fibonacci tool is very popular amongst traders and for good reasons. The Fibonacci is a universal trading concept that can be applied to all timeframes and markets. There are also countless ...

With the S&P making new market highs there are limited traditional market levels to look for overhead resistance. We examine the use of Fibonacci Price Extensions. Fibonacci Price Extensions suggests ...

XRP spent last week grinding toward a familiar breakout zone as long-term charts began to show fresh signs of strength building around a major support stretch.

The weekly chart of Mosaic Company (MOS) reveals an important technical development just as the company heads into its earnings report. Mosaic has been in a prolonged downtrend since its April 2022 ...

Bitcoin's bull run appears to be in full swing amid a broader consensus that 2021 could bring more significant gains. The question now for market participants is how high the cryptocurrency could go ...