How To Use Fibonacci Retracement In Trading (Explained with Example)

An image showing how to use Fibonacci trading strategy

Before talking about how to use Fibonacci retracement in trading, lets first understand how the term “Fibonacci” came about in trading. The term “Fibonacci” describes a sequence of numbers that goes from 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, and so on. This sequence begins with 0, and 1 and … Read more