Fibonacci Expansions plot possible levels of support and resistance. They are created by tracking primary trending moves and their retracements. Traders can use Fibonacci Expansions to set ...

Find out more about Fibonacci retracement levels and how some forex traders use them profitably in their trading strategies.

In this section, we'll use the Seaborn library, which I've covered previously, to visualize statistical data with Python the way you would with a graphing calculator in a stats class.

Fibonacci retracement levels are a strategy that some traders use to analyze a stock’s resistance levels. You can use many different retracement levels but one of the most common is 61.8%.

How This Relates to Investing in Stocks Technical analysts use three Fibonacci applications when looking at stock performance. Analysts use these equations to predict stock market prices.

The Fibonacci sequence is a set of steadily increasing numbers where each number is equal to the sum of the preceding two numbers.

Fibonacci retracements are tools to draw support lines, identify resistance levels, and place stop-loss orders. Learn how to use Fibonacci ratios in trading.