How to apply FIbonacci retracements

Fibonacci Retracement

The first thing you should know about Fibonacci devices is that this works better when the market is trending.

The idea is to buy long (or buy) at the retracement of the price on the market Compilation of the market is going up, and to sell short (or sell) on the retracement at the level on the market Compilation of the market is going up.

In order to find a retracement level, you have to find a level that is important enough from the Swing Height and Swing Low Position. Then, for a downtrend, click on the Swing High and drag the cursor to the latest Swing low.

For uptrends, do the opposite. Click on Swing Low and drag the cursor to the latest Swing high.


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Fibonancci is indeed a powerful technical indicator and can be used to identify the level of saturation or resistance and to place the level entry and exit, but it would be nice if you explain it with a picture of how to use the fibo indicator.

I will share the use of fibonaccy retrachement in detail ... and dtail.

Fibonacci Retracement

The first thing you should know about Fibonacci devices is that this works better when the market is trending.

The idea is to buy long (or buy) at the retracement of the price on the market Compilation of the market is going up, and to sell short (or sell) on the retracement at the level on the market Compilation of the market is going up.

In order to find a retracement level, you have to find a level that is important enough from the Swing Height and Swing Low Position. Then, for a downtrend, click on the Swing High and drag the cursor to the latest Swing low.

For uptrends, do the opposite. Click on Swing Low and drag the cursor to the latest Swing high.

Traders usually use the levels given by the Fibonacci retracement, sometimes they can also be modified to help determine the range of potential areas of support and resistance. This tool can be used well when the market is in a "good" trend, whether it is up or down trend, but it is less effective if applied when the market is in a sideways condition. The basic concept of using Fibonacci Retracement is to look for buying opportunities to compile prices in the range of support. Find out, you can look for selling opportunities for price compilation in the resistance obtained from the Fibonacci retracement.

Fibonacci Retracement

The first thing you should know about Fibonacci devices is that this works better when the market is trending.

The idea is to buy long (or buy) at the retracement of the price on the market Compilation of the market is going up, and to sell short (or sell) on the retracement at the level on the market Compilation of the market is going up.

In order to find a retracement level, you have to find a level that is important enough from the Swing Height and Swing Low Position. Then, for a downtrend, click on the Swing High and drag the cursor to the latest Swing low.

For uptrends, do the opposite. Click on Swing Low and drag the cursor to the latest Swing high.

the use of fibo is actually a lot of versions
but I use it more often than swing low to the hight swing
and for better entry positions at lb fibo 50 and 68

because according to the book I read it was golden fibo ratio
where prices often retrace when they reach lv

The strategy of using fibo is indeed quite popular and is often used by traders who are able to take advantage of the strength of resistance support to take transactions coupled with the strategy of using valid indicators as confirmation.

Fibo placement, is made at the lowest and highest prices, from there the fibo area will be formed.
and each area has strength and becomes an important area.

the fibo indicator is a powerful indicator in my opinion because I can't do the analysis properly without using this indicator, even I find it difficult to determine a trend movement without Fibo.

applying fibonanncy retracement in tarding is to enter the fibo indicator into the trading system that is owned so that you can use it properly.