Plotting Fibs on Your Charts The Fibonacci price levels on a chart are referred to as Fibs. Many charting packages have drawing tools that include Fib retracement.

Today, he mainly trades crude oil, gold, and currencies using a technical-analysis tool called Fibonacci retracement. He's also a teacher and coach helping others learn how to chart at HowToTrade.com.

Other key Fibonacci retracement levels include 23.6%, which results from dividing a Fibonacci number by the integer three places to the right, and 76.4%, which is found by subtracting 23.6 from 100.

The Key Fibonacci Retracements to Keep the Trend Intact, 23.6% & 38.2%, New Video! The chart is key to this analysis.

The benchmark index has flirted with - but has so far failed to close above - a key Fibonacci retracement target. Until it does, the downtrend is still alive. Is the S&P 500 index's recent rally ...