What is Fibonacci retracement and how does it work?
Author:Gate.io Researcher:Mashell C.
15 September 10:22
[TL; DR]
🔹 The fibonacci retracement tool helps traders to spot reversal points and profit targets.
🔹 The fibonacci series include 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, and 377, among others.
🔹 0%; 23.6%; 38.2%; 61.8%; 78.6% and 100% are the key fibonacci ratios....