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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 SPX500 is the CFD instrument that tracks the S&P 500 which non-US residents can trade. After three straight days of declines, the Index is setting up for a rebound from the 38.2% Fibonacci ...
We want to illustrate just how deep the current price move resonates against historical price norms. In Part I of this article, we highlighted the Fibonacci system running on the ES (S&P 500) charts.
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.