• Google Inc.-2.26 - -0.29%
  • Apple Inc.-0.03 - -0.03%
  • Facebook Inc.-0.57 - -0.49%
  • S&P 5002249.26-0.66 - -0.03%
  • FTSE 1007142.83+22.57 - +0.32%
  • EUR/USD1.0553
  • GBP/USD1.2323
  • USD/JPY117.0120
  • EUR/GBP0.8565
  • AUD/USD0.7226

Fibonacci retracement

The Fibonacci retracement is a technical analysis overlay based on a sequence of percentage values in a Fibonacci series. The overlay draws lines based on Fibonacci that mark levels of potential support and resistance. The drawing of the Fibonacci retracements is done by marking the lowest peak and the highest pick in the current trend, and the lines are drawn automatically.

Fibonacci retracement



Share on Tumblr