Technical Analysis - What are Fibonacci Retracements?

Fibonacci is a mathematical concept, derived from the Fibonacci sequence, which is a series of increasing numbers, each one being the sum of the two preceding it, starting from 0 and 1. So it goes: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144 and so forth. But where does trading come in? Well, traders have found that these ratios can also be applied to the financial markets.

This video is the first part of a 3-episode series where we dive into Fibonacci and how it can be used in trading.