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    cTrader Fibonacci Expansion Tool

    This overlooked charting tool for the cTrader trading platform is very good at identifying profit targets when there is a trend or alert the trader to where potential trend reversal areas could develop. Throughout nature, mathematicians have found that there is a repeating pattern which is based on a series of “Fibonacci numbers” that Leonardo Pisano Bogollo introduced to the West. The Fibonacci number series is based on what is known as the Golden Ratio which is a number found in galaxy formations and it is all around us, these “Fibonacci Numbers” are also found in financial markets.

     

    cTrader Fibonacci Expansion Tool