Fibonacci retracement levels are considered as hidden support and resistance levels. Quite often they coincide with obvious support and resistance levels, like in the forex graph in question.

The latter strategy may sacrifice some potential ... One minus each of these levels gives the special Fibonacci retracement levels: 38.2%, 61.8%, and 76.4%.

These reactions happen so often that they can be measured mathematically with Fibonacci retracement levels. The Fibonacci ...

Closing above the 50-Day MA and 38.2% Fibonacci retracement strengthens natural gas’s outlook, with resistance at $3.64-$3.69 as the next target.