The Fibonacci sequence is more than a historical curiosity. It is a practical method of technical analysis used to highlight potential areas that traders monitor for support and resistance.

Imagine the market is like a massive rubber band. When stretched too far in one direction, it must inevitably snap back, or retrace, before moving forward again. The challenge for the individual ...

Fibonacci fans are very similar in concept to Fibonacci retracements and in many ways they are used the same way. Both are effective tools for identifying support and resistance levels, entries and ...