Intermediate Technical Analysis 18 min read Lesson 58 of 311

Fibonacci Retracement Secrets

Use Fibonacci levels like institutional traders

Fibonacci Retracement Secrets - Annotated chart illustration

Fibonacci Retracement Secrets

Fibonacci levels are used by professionals worldwide.

Key Fibonacci Levels

![The Fibonacci spiral in nature and trading](/lesson-images/fibonacci-detailed.png)

![The Fibonacci spiral in nature and trading](/lesson-images/fibonacci-retracement.png)

How to Draw

In Uptrend

  1. Find swing low (start)
  2. Find swing high (end)
  3. Draw from low to high

In Downtrend

The 61.8% Trade

  1. Identify strong impulse
  2. Wait for 61.8% pullback
  3. Look for reversal candle
  4. Enter with stop below 78.6%

Pro Secrets

Optimal Trade Entry Zone

Confluence is Key

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