Master Fibonacci Trading: The Tool Used by Professional Traders

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Introduction

Fibonacci trading is an ancient technique that has conquered modern markets. While its discovery dates back to the 13th century thanks to the mathematician Leonardo Fibonacci, its application in price charts is surprisingly effective in identifying reversal points, key supports, and resistances.

In this analysis, we will explore how Fibonacci retracements function as a compass in navigating the stock, forex, and cryptocurrency markets, and how you can integrate them into your trading strategy.

Foundations: The Fibonacci Sequence and Its Mathematical Magic

It all starts with a simple numerical sequence:

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