In the field of technical analysis for investing, the application of the Fibonacci sequence is like a magical key!

From the chart, we can see that different Fibonacci retracement levels have different meanings. 38.2% is marked as a low probability area, while 61.8% is a high probability area, and 78.6% - 88.6% is an extremely high probability area.

The selling area in the chart is between 78.6% - 88.6%, indicating that this position may be a good selling opportunity.

There are also manipulated areas and areas with no market fluctuations, which can help us better understand market trends.

However, the investment market is unpredictable, and one cannot rely solely on Fibonacci ratios for decision-making; it is essential to combine them with other indicators for a comprehensive judgment.