Fibonacci retracement explained: Golden ratio, support, and resistance (Excel)

How are Fibonacci numbers and the golden ratio related to finance and trading strategies? One of the most famous technical analysis strategies involves constructing support and resistance lines based on Fibonacci retracements. But does it actually work? Today we are learning about Fibonacci retracements, the logic of support and resistance, and how the golden ratio comes into play, investigating the applicability of these technical analysis tools on the full history of S&P 500.
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[@rew1555]

bro, I'm Brazilian, Russian descent, my grandfather, I confess that I always tried to find a more logical meaning in things, maybe the critical side of Geography favors me in this, I've been studying microformations, volatility, volume (mainly) and your channel for some time. , your work, brother, without words to thank you, until today I have not found work like it, that makes sense lol, after all, the market is not just what is sold in "little classes around" congratulations, may the Universe bless you greatly, as I said, I'm Brazilian, so forgive my bad English lol

[@salardelavarqashqai]

Thanks for your best teaching

[@neeteshpathak346]

nice work.
love from India
a trader
regards- Neetesh

[@pejmanashti2288]

Many thanks, are you be able to teach how to make price and time clusters for stocks in excel based on fibonacci ratios ?

[@salardelavarqashqai]

Please Have more analysis in technical and fundamaental modelling analysis in excel

[@NEDLeducation]

Hi Salar, and many thanks for such good feedback! I will definitely come back to fundamental and technical analysis to cover some of the more advanced techniques later.

[@salardelavarqashqai]

@@NEDLeducation thanks a lot. God bless you

[@airbitvipglobalteam412]

My man!

[@MrMahankumar]

Great!!!!!!