Price corrections are counter-trend price moves during uptrend and downtrends which give price-charts their characteristic zig-zag pattern. This leads to the continuation of the underlying trend. The Fibonacci retracement tool is an extremely popular tool used to identify price-levels where a price correction might end. Take our premium course: Trading for BeginnersĤ) Fibonacci Support and Resistance Levels.Take our free course: Continuation Price Patterns.
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