A retracement in investing refers to a temporary reversal in the direction of an asset's price that occurs within a larger trend. It represents a short-term dip or pullback before the asset resumes ...
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 ...
Traders are constantly confounded by the conundrum of when to enter a position during a trending market. Enter too early and run the risk of your stop getting hit before the trend continues its ...
Fibonacci retracement is a popular tool in technical analysis used by traders to identify potential reversal levels and support or resistance points in the price movement of assets. Based on the ...
Tesla's stock was shedding 5.3% in recent trading, and has now corrected $37.16, or 10.6%, over the past three days. The stock had rallied $98.56, or 39.2%, from the Nov. 5 close of $251.44 to the Nov ...
The cryptocurrency market is known for its volatility and rapid price movements. For traders looking to navigate the unpredictability of digital currencies, technical analysis tools are indispensable.
Bank of America's Corp.'s stock has how soared nearly 20% since the election, has nearly doubled off its February low, and has rocketed more than six-fold off its financial-crisis low, but it still ...
A growing number of traders are looking to technical analysis tools to help them trade the ETF universe, which now extends to almost every financial niche imaginable. The Fibonacci Retracement tool is ...
Fibonacci retracement uses specific ratios to predict stock reversals. Key Fibonacci levels are 0%, 23.6%, 38.2%, 50%, 61.8%, and 100%. Investors use these levels for setting price goals and trading ...