Fibonacci Retracement & Extension

[nayani]

Hai,

Pls explain me about Fibonacci Retracement and Fibonnaci Extension.

 

[Pharaoh]

Cyclon wrote a great definition of Fibonacci retracements for the FPA's glossary:

https://www.forexpeacearmy.com/forex-forum/traders-glossary/2634-fibonacci-retracements.html