What is Fibonacci Retracement?
Fibonacci is a tool that helps us estimate where the market might reverse.
That is, whether the market is going up or down, this tool indicates where the price may pause or reverse.
📌 When is it used?
When there is a significant fluctuation in the market,
the price often retraces a bit.
With the help of Fibonacci, we can determine how far that retracement might go.
🧮 Key Fibonacci Levels:
23.6%
38.2%
50%
61.8% (most important)
78.6%
The market often pauses or reverses at these levels.
If the market is going up, apply Fibonacci from bottom to top.
If the market is going down, apply Fibonacci from top to bottom.
