The Fibonacci ratio is one of the most interesting and intriguing concepts. Despite being discovered thousands of years ago by Leonardo Fibonacci, it has several modern-day applications in design and is even found in nature and in our bodies. The wide variety of applications extend to the financial markets as well, with the Fibonacci retracement tool being a very popular tool among traders across the world.
In this video, let us learn exactly what Fib retracements are and how they are commonly used to identify important levels in both up and down trends.
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