📐 Brief summary about Fibonacci in trading:

What is Fibonacci?

Fibonacci is a tool based on natural mathematical proportions (such as 0.618 and 1.618) that helps identify key areas where the price may retrace or extend in a trend.

⸻

🛠️ What is it used for?

• Fibonacci Retracements: To find entry points after a pullback in a trend.

• Fibonacci Extensions: To project price targets (take profit) once the price breaks a previous level.

⸻

🎯 Where should you enter?

• In a retracement zone, such as the 0.618 or 0.5 level, when the price bounces and continues in the direction of the trend.

• Confirmed by price action: bullish candles, volume, or support on EMAs.

⸻

✅ Conclusion:

Fibonacci does not predict the market, but it gives you probable and strategic levels. Use it together with price action and the trend. Never enter just for a number: always seek confirmation. It is key to defining safe entries and smart exits.