STEPS👣 TO USE FIBONACCI IN TRADING AND THEREBY OBTAIN 💰SIGNIFICANT💰 PROFITS IN EACH TRADE 💯...

#1 Identify a trend:

Look for a clear trend, either bullish (higher highs and higher lows) or bearish (lower highs and lower lows).

#2 Select reference points:

In a bullish trend, draw the Fibonacci retracement from the lowest low to the highest high of the movement. In a bearish trend, do it from the highest high to the lowest low.

#3 Identify retracement levels:

Key levels (23.6%, 38.2%, 61.8%, 78.6%, and 100%) will be displayed on the chart.

#4 Seek confirmation:

Observe if the price finds support or resistance at any of these levels. You can seek additional confirmation with candlestick patterns, indicators, or other technical analysis tools.

#5 Make trading decisions:

If the price bounces at a Fibonacci level, you might consider opening a position in the direction of the trend. If it breaks a level, you might consider a position in the direction of the breakout, with appropriate protective stops.