Fibonacci retracement uses specific ratios to predict stock reversals. Key Fibonacci levels are 0%, 23.6%, 38.2%, 50%, 61.8%, and 100%. Investors use these levels for setting price goals and trading ...
Casey Murphy has fanned his passion for finance through years of writing about active trading, technical analysis, market commentary, exchange-traded funds (ETFs), commodities, futures, options, and ...
The cryptocurrency market is known for its volatility and rapid price movements. For traders looking to navigate the unpredictability of digital currencies, technical analysis tools are indispensable.
Every trader should be aware of the impact Fibonacci levels and round-number percentage returns can have on stocks Whether you're trading stocks or options, you probably include technical analysis ...
Resistance was tested again today in gold for the second day in a row following the breakdown from a bear flag on Tuesday. Notice that resistance occurred around prior support represented by the 38.2% ...
I've been keeping an eye on this pattern for some time, and have written on it before. But now we are imminently approaching a major 50% retracement test on the S&P 500 Index (SPX) (SPY). Take a look ...
Natural gas falls to test support around the 78.6% Fibonacci retracement. The descent stopped at a low of 3.02, leading to a minor bounce. This is an area where natural gas should see strong support ...