This article delves into how Fibonacci retracement works, its application in crypto trading, and real-world examples of how traders use this tool to improve their trading outcomes.

Shain Vernier, a full-time trader, bets on crude oil, gold, and currencies over stocks. He utilizes the Fibonacci retracement tool for determining entry and exit points. He emphasizes the ...

The Fibonacci channel is a variation of the Fibonacci retracement tool, with support and resistance lines run diagonally rather than horizontally.

Today, he mainly trades crude oil, gold, and currencies using a technical-analysis tool called Fibonacci retracement. He's also a teacher and coach helping others learn how to chart at HowToTrade.com.

A trader can use the Fibonacci retracement tool by connecting the low point and high point of a recent price movement on a chart.