Understand Indicators Like a Pro "19"

📐 Fibonacci — How to Buy the Correction Like a Pro?

You always ask yourself: When do I enter after a strong rise? This indicator gives you the golden levels!

👉 Used globally to identify the strongest reversal areas during a decline! 🔥

Welcome to episode 19 of:

"Understand Indicators Like a Pro" 🔍

Today's topic: Fibonacci — Discover the levels that the market respects more than anything else!

🧠 What is Fibonacci Correction?

It is based on the Fibonacci sequence — a mathematical pattern that appears in nature and markets.

Main levels:

🔹 0.236, 0.382, 0.5, 0.618, 0.786

💡 The most important level is 0.618 (61.8%) known as the "Golden Ratio" — prices often rebound strongly from it!

💡 Why do traders use it?

✅ To identify the best entry areas during pullbacks

✅ To highlight hidden support and resistance

✅ It integrates strongly with other indicators (RSI, Trend, Price Patterns)

🚀 How to use it professionally:

✅ 1. Identify a clear price movement

Uptrend: Draw from the bottom to the top

Downtrend: Draw from the top to the bottom

✅ 2. Monitor the following levels:

0.382 = Light correction

0.5 = Medium correction

0.618 = Deep correction → Strongest entry opportunity

💡 Look for: Fibonacci level + Horizontal support + Reversal candle = Entry point 🔥

✅ 3. Targets and Taking Profits:

Use Fibonacci extensions or previous highs/lows to determine the target

Add RSI or MACD to avoid false reversal signals