Casey Murphy has fanned his passion for finance through years of writing about active trading, technical analysis, market commentary, exchange-traded funds (ETFs), commodities, futures, options, and ...
Fibonacci retracement levels are often useful in defining short- and long-term price trends for a stock or sector Technical analysis is an important aspect of stock and option trading methodology. In ...
Fibonacci retracement uses specific ratios to predict stock reversals. Key Fibonacci levels are 0%, 23.6%, 38.2%, 50%, 61.8%, and 100%. Investors use these levels for setting price goals and trading ...
When it comes to individual stocks, I generally favor fundamental analysis over technical. It should be obvious that things like the prospects for the economy, the quality and popularity of a ...
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.
MoneyShow's Tom Aspray often uses Fibonacci analysis to determine likely entry points and profit targets for his Charts in Play recommendations. Here, he uses a few recent examples to examine more ...
As you may know, I rely heavily on my trusty Fibonacci retracement tool on my spread-betting platform. In most cases, the percentage retracements built into the tool give pretty accurate turning ...
Brian Beers is a digital editor, writer, Emmy-nominated producer, and content expert with 15+ years of experience writing about corporate finance & accounting, fundamental analysis, and investing.
(Kitco News) - Mon April 28 —Gold market action has been choppy and corrective in recent weeks, but for now the 61.8% Fibonacci retracement of the first quarter rally move continues to hold —which is ...
The Fibonacci Retracement indicator suggests that $5,300 is the main short-term trend level for Bitcoin. Given the tendency of BTC to retest key Fibonacci levels, it may indicate that the dominant ...
Percentage-retracement levels are yet another technical indicator useful in defining short- and long-term price trends in a security or sector. Percentage retracement levels are based upon the ...