Mastering Fibonacci Retracements with Barry Norman

Fibonacci retracements are a great way to prepare for market moves and also to see entry and exit points. All traders need to know about Fibonacci retracements is that there are certain percentages by which trends tend to retrace before continuing in their original direction. When a retrace begins, traders can mark these percentage levels, as a percentage of the trend's distance, and anticipate possible reversals at these levels, which can act as another form of S/R.