Fibonacci Trading -

: Used to identify potential pullback levels within an existing trend.

: Used to project future price targets beyond a completed move. Common Targets : 127.2%, 161.8%, and 261.8%. Strategic Review: Pros & Cons Fibonacci Trading

Traders on Investopedia and TrendSpider emphasize that Fibonacci levels are not guaranteed reversal points but zones of interest. : Used to identify potential pullback levels within

Fibonacci trading is a method of technical analysis that uses mathematical ratios—most notably the —to identify potential support and resistance levels in financial markets. While widely used, its effectiveness is a subject of debate among traders, often seen as either a powerful psychological tool or a case of "voodoo science" and confirmation bias. Core Tools & Ratios Strategic Review: Pros & Cons Traders on Investopedia

: 23.6%, 38.2%, 50% (psychological, not a true ratio), 61.8%, and 78.6%.