Learn How to Crack the Fibonacci Code in 3 Simple Steps (Chart Created using Marketscope 2.0 charts) Very simply, Fibonacci are mathematical ratios that price pulls back to before resuming the trend.

Other than being a neat teaching tool, the Fibonacci sequence shows up in a few places in nature. However, it's not some secret code that governs the architecture of the universe, Devlin said.

Talking Points - Use Fibonacci tool by connecting the last swing low and last swing high to display 5 possible areas of support - Look for price to turn at one of these 5 main levels before entering a ...