Technical analysis assumes price discounts for everything and history repeats itself. Technical analysis differs from fundamental analysis, which focuses on company value. Technical analysis has nearly 85 years of history in financial trading
Fibonacci retracement tool identifies support and resistance levels based on Leonardo Fibonacci's work. Tool uses key ratios: 23.6%, 38.2%, 61.8% for trend reversal and support/resistance. 61.8% retracement is called 'Golden Retracement' due to Golden ratio
Highs and lows are crucial for trend prediction in technical analysis. A high is a price peak before correction, while a low is a trough before pullback. These patterns help identify market sentiment and trend direction
Fibonacci levels are derived from the golden ratio and measure mathematical proportionality. Common levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6%. Fibonacci analysis helps identify support and resistance points in markets
Fibonacci retracement levels show potential support and resistance areas on charts. Levels are based on Fibonacci sequence numbers: 23.6%, 38.2%, 61.8%, 78.6%, 50%. Indicator connects any two significant price points, typically highs and lows
Fibonacci was an Italian mathematician born in 1170. He studied mathematics in Bugia and learned about Hindu-Arabic numeral system. Fibonacci sequence starts with 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610