Fibonacci retracement levels, derived from the Fibonacci sequence, are used to identify potential support and resistance levels. Key percentages include 23.6%, 38.2%, 50%, 61.8%, and 78.6%.

If the name “Fibonacci” doesn’t ring a bell for you, then just think back to the first “tricky” number sequence you ever saw in math class. It goes like this: The first 15 terms of the ...

Put simply, the Fibonacci sequence is a series of numbers which begins with 1 and 1. From there, you add the previous two numbers in the sequence together, to get the next number.