A growing number of traders are looking to technical analysis tools to help them trade the ETF universe, which now extends to almost every financial niche imaginable. The Fibonacci Retracement ...

The key Fibonacci ratio of 61.8% is found by dividing one number in the series by the number that follows it. For example, 21 divided by 34 equals 0.6176, and 55 divided by 89 equals about 0.61798.

The Parabola Pop strategy tracks breakouts above and below retracement levels to provide early entry points for major breakouts ... that 1, 2, 3, 5, 8, 13, 21, 34, and 55 are all Fibonacci numbers.

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.