A Fibonacci retracement is created by taking two extreme points on a stock chart and dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8%, and 100%.

Track Record of the 0.5 Retracement The S&P 500 today has spent three days above the 0.5 Fib retracement level as measured from the highs in January 2022 and the lows in October 2022.

Fibonacci levels indicate key resistance at $2.69 (0.236 retracement), followed by $3.07 (0.786 retracement), which will be critical for sustaining an upward trajectory.

The best Fibonacci retracement level to use when trading is the Golden Mean or 61.8% level, but the 23.6% and the 38.2% levels are also considered important by technical traders using this ...

Seen below is a 15-year chart of gold overlaid with a Fibonacci retracement and a volume measurement on the bottom. Back in 2004, gold was trading around $400 and began a six-year bull run that ...

This area also represents a 61.8% Fibonacci retracement -- that "golden ratio" -- of the stock's plunge from mid-2015 to May 2016. Let us help you profit from market volatility.

Even this correction can be projected with Fibonacci analysis: the 38.2% retracement level between the April 2013 low of $49.84 and the December 2013 high of $75.86 was calculated at $65.92.

When using the Fibonacci Retracement indicator, technical analysts consider 23.6%, 38.2%, 61.8% and 78.6% as key near-term levels that are most important.