What Is Fibonacci in Trading? A Complete Beginners Guide to Retracements, Ratios, and Real Market Use
Once the price reaches one of the significant Fibonacci levels (preferably 50% or 61.8%), wait for additional confirmation before entering the trade. Typically, when the price reaches one of these levels and shows a reversal, it presents an optimal entry point in the direction of the trend. These levels mark areas where the price might …