open a position using the 50% Fibonacci area

Open a position with a 50% candlestick range strategy, the candlestick referred to here is a minimum H4 candle and above, it is recommended to use daily, we mark it with Fibonacci retracement and we wait until the next candle bounces in the 50% area, if it doesn't bounce at all, don't open a position



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Using Fibonacci to mark the 50 percent retracement level is very helpful for precision. Fibonacci doesn't provide the 50 percent level by default, but many traders add it because it statistically occurs frequently. For large candles, a retracement to 38.2 or 50% is common before the trend continues.