Fibonacci retracement is a powerful technical analysis that analyzes potential support and resistance levels within price movements. By employing the Fibonacci sequence, traders can locate key price points where trends may reverse. This approach provides valuable insights into market momentum, enabling traders to make strategic decisions about entr
Exchange-traded funds, or ETFs, have become a popular investment option for investors of all experience ranges. Essentially, an ETF is a type of fund that follows the performance of a particular index, such as the S&P 500 or the Nasdaq Composite. Just like individual stocks, ETFs are bought and sold on financial exchanges throughout the market hour
The ProShares Ultra SmallCap 600 ETF (UWM) aims to provide returns that are two times the performance of the Russell 2000 Small Cap Index. This leveraged ETF targets small-cap stocks, providing investors with a way to potentially increase their exposure to this segment of the market. However, it's essential to grasp the potential downsides associat