Search
GBP
Trading Software
    Menu Close
    Back to all

    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