Fibonacci Retracements
Fibonacci Retracements are certain ratios for Price movement that may signal a potential reversal in price action. After a certain move has happened, charts can be traced to certain levels to forecast the extent of a correction. The popular ratios are 61.8%, 38.2% and 23%. When Fibonacci is combined with other technical indicators pointing to a certain correction, it gets more validation.
JOIN OUR COMMUNITY FREE
Option Tiger is dedicated to all things Options and Markets. Whether you’re a beginner or advanced, get the most sophisticated Options and Market content.
Get access to Free Courses on Call Options and Put Options
Two Free E-Books and over 30 Mini-Courses on Options
Ongoing Market Updates and 500+ Video Library
