The Fibonacci levels. Mysterious on the surface. Logical once you understand.
After a significant rise, markets "correct."
These corrections often end at predictable levels:
→ 23.6% — weak correction, very strong trend
→ 38.2% — first support zone in an uptrend
→ 50.0% — major psychological level
→ 61.8% — "Golden ratio" — frequent bounce zone
→ 78.6% — last support before the trend is invalidated
These levels aren’t magical. They work because
many traders are watching them. Self-fulfilling behavior creates confluence.
A tool to have in your toolbox. Not to use alone.
#Fibonacci
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