- Use Fibonacci tool by connecting the last swing low and last swing high to display 5 possible areas of support - Look for price to turn at one of these 5 main levels before entering a trade for ...

Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers.

In addition to Fibonacci levels, stocks will often find support at price points that correspond with round-number percentage returns. For example, after declining 20% off a recent high, a stock ...