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Category: Technical Analysis & Charting

Fibonacci Retracements: A Golden (Ratio) Idea for Trading?

Fibonacci Retracements: A Golden (Ratio) Idea for Trading?

Key Takeaways Learn how to create Fibonacci retracement levels on stock charts  Fibonacci retracement levels may be used to identify support and resistance levels Understand how Fibonacci levels can help make trading decisions Leonardo Fibonacci was a mathematician who worked on the “golden ratio” and developed the Fibonacci sequence. Many technical traders use what’s known […]

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Volume as an Indicator: Why You Should Listen to It

Volume as an Indicator: Why You Should Listen to It

Key Takeaways Know the importance of monitoring volume because it can provide insight into trading activity and sentiment Understand the relationship between price and volume using the VolumeAvg indicator Learn to analyze volume with respect to its average to identify trends Sometimes we take things for granted without realizing their importance. Take volume as an […]

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