Fibonacci Retracement

Fibonacci retracement is a popular technical analysis tool used to identify potential support and resistance levels. It is based on the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding numbers. The Fibonacci sequence starts with 0 and 1, and then each subsequent number is the sum of the two preceding numbers: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181, 6765, 10946, 17711, 28657, 46368, 75025, 121393, 196418, 317811, 514229, 832040, 1346269, 2178309, 3524578, 5702887, 9227465, 14930352, 24157817, 39088169, 63245986, 92334155, 155580141, 247914296, 393494437, 641408733, 1034883160, 1676281893, 2711165053, 4387446946, 7098612009, 11486058955, 18584670964, 29970729919, 48555399883, 78526129802, 127081529685, 205607759487, 332689289172, 538297048659, 870986337831, 1409283386490, 2280269724321, 3689553110811, 5970822835132, 9660375945943, 15631208781075, 25291584726018, 40922793507093, 66214378233111, 107137171739204, 173351549972315, 280488721711519, 453840271683834, 734328993395353, 1188169265079187, 1922498258474540, 3110667523553727, 4033165781928267, 6143833305481994, 10176999087410261, 16320832392892255, 26497831480302516, 42818663873194771, 69316495353497287, 112135159226692058, 181451654580189345, 29358681