Fibonacci arcs

Definition

A method of using charts to predict key support and resistance levels, as well as price targets. These are created by first drawing a trend line between two points, for example, technical analysts commonly use the high and low points in a specific time interval. Then, three curves are drawn at the points that intersect the trend line at the Fibonacci levels of 38.2%, 50%, and 61.8%.
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fiat money Fibonacci retracement