Fibonacci explained in 60 seconds | Fibonacci For Beginners | Fibonacci

Fibonacci retracement levels are often used by traders to identify key levels of support and resistance. These levels are calculated by taking the high and low of a price move and then dividing the vertical distance by key Fibonacci ratios. The most commonly used Fibonacci ratios in trading are 23.6%, 38.2%, 50%, 61.8% and 100%.

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