Investopedia / Yurle Villegas The Fibonacci sequence is a series of numbers where ... Much of the success of Fibonacci numbers also has to do with market psychology: When enough traders and ...

This gives you a sequence that looks ... Spiral is pretty tricky to do by hand, but just like with the Golden Ratio, you can get a close approximation with the Fibonacci Spiral.

They are based on the Fibonacci sequence. Fibonacci retracement levels are among the go-to tools for traders looking to identify potential support and resistance zones during pullbacks.