The CTO of TradingView, a popular chart analysis service, has told Cointelegraph in an email on June 18 that the previous reports of a bug in their Fibonacci retracement technical analysis tool were ...
The Fibonacci sequence represents a key pattern of numbers and ratios that are found in life. When these are utilised within trading, traders can look for countertrend pullbacks in similar rations.
Ideally, when the market is in a downtrend, we should look for rallies up off of the lows to a resistance level as a selling opportunity. Conversely, when the markets are in an uptrend we should look ...