What Is Fibonacci Retracement and How to Use it Fibonacci retracement is a technical analysis tool used to identify potential levels of support and resistance during a price pullback.

He utilizes the Fibonacci retracement tool for determining entry and exit points. He emphasizes the importance of understanding market drivers and the cyclical nature of commodities.

Traders use technical indicators to gain insight into the supply and demand of securities. Here, we look at seven such ...