Fibonacci Ratios can be used in the financial markets to find potential support and resistance levels. They can also be used to find potential price targets.
If you’ve ever wanted to learn how to use Fibonacci Ratios in your trading, I’ve put up two pages on how to use the Fibonacci Retracement and Expansion (a.k.a. Extension) tools.
Fibonacci Retracements and Expansions
Fibonacci Retracements and Expansions come from the use of the Golden Mean, a ratio that was uncovered by Leonardo Fibonacci in the 13th century. It’s a ratio that’s found abundantly in nature, which makes it an interesting study.
But of course, as traders we are most interested in the application of Fibonacci’s discovery beyond the history. Like all technical analysis tools and indicators, they are only as good as the trader who uses them. 
You can find the lessons on the following two pages:
- Using Fibonacci Retracements For Support and Resistance Levels
- Using Fibonacci Expansions for Potential Price Targets
Fibonacci Retracements and Expansions
In the use of Fibonacci numbers for trading, it’s good to remember that while they can be very accurate at times, they are only trading tools to find potential price levels.
They should not be used in isolation. However, when combined with other indicators, price patterns and trading techniques, they can be a very powerful tool!
Have fun using them, but also remember to be Smart!