What is Fibonacci retracement? How to trade using this indicator?

Fibonacci retracement levels are the favorite technical analysis tool of swing and scalping traders. They are based on a harmonic mathematical sequence with the golden ratio. The Fibonacci retracement tool can track potential price reversal points during a correction and confirm a trend reversal. In this review, you will learn how the Fibonacci retracement levels are built and how to use the Fibonacci tool to make money on financial markets. How to use Fibonacci retracement Support and resistance levels on a price chart are one of the most common auxiliary technical analysis tools. The breakout of key levels confirms a... Read full author’s opinion and review in blog of #LiteFinance