Fibonacci levels—often referred to as Fibs—represent horizontal percentage ratios that can (and do) interact with price movement.
Combining Fibonacci studies with other technical tools helps shape confluence. An example may be converging support and resistance levels, relative strength index (RSI) overbought/oversold signals or volume studies.
Fibonacci levels—often referred to as Fibs—represent horizontal percentage ratios that can (and do) interact with price movement.
Combining Fibonacci studies with other technical tools helps shape confluence. An example may be converging support and resistance levels, relative strength index (RSI) overbought/oversold signals or volume studies.