Casey Murphy has fanned his passion for finance through years of writing about active trading, technical analysis, market commentary, exchange-traded funds (ETFs), commodities, futures, options, and ...
Fibonacci retracement levels are often useful in defining short- and long-term price trends for a stock or sector Technical analysis is an important aspect of stock and option trading methodology. In ...
The S&P 500 Index (SPX) continues to rally after the coronavirus market crash that started in March. The index, however, is running right into its 61.8% Fibonacci retracement level after being ...
On my blog posts you will notice that I use my spread-betting platform's Fibonacci tool with abandon. I find this tool invaluable to help me time my trade entries and exits. It never fails to amaze me ...
The Fibonacci Retracement indicator suggests that $5,300 is the main short-term trend level for Bitcoin. Given the tendency of BTC to retest key Fibonacci levels, it may indicate that the dominant ...
XRP traded near $2.34 on the weekly chart as buyers defended a key retracement zone. The structure shows higher lows after a corrective phase that followed the ...
These are levels that many traders watch when a market pulls back, as they are often treated as potential zones of interest. This guide provides an in-depth analysis of Fibonacci retracement, ...