Fibonacci Retracement Secrets
Fibonacci levels are used by professionals worldwide.
Key Fibonacci Levels
- 38.2% - Shallow retracement
- 50.0% - Psychological level
- 61.8% - Most important
- 78.6% - Deep retracement
How to Draw
In Uptrend
- Find swing low (start)
- Find swing high (end)
- Draw from low to high
In Downtrend
- Opposite: high to low
The 61.8% Trade
- Identify strong impulse
- Wait for 61.8% pullback
- Look for reversal candle
- Enter with stop below 78.6%
Pro Secrets
Optimal Trade Entry Zone
- Banks use 61.8-78.6% zone
- Wait for price in zone
- Look for reversal
Confluence is Key
- Fib + Support/Resistance
- Fib + Moving Average
- Multiple confluences = higher probability