FIBONACCI RETRACEMENT DEFINITION

Glossary
F
Просмотров: 14646

A Fibonacci retracement is a key technical analysis tool that uses percentages and horizontal lines, drawn onto price charts, to identify possible areas of support and resistance. Identifying these areas is useful to traders since it can help them decide when to open and close a position, or when to apply stops and limits to their trades.

 

Tags:
Rating:
( 0 Rating )

Please publish modules in offcanvas position.