Fibonacci Complete Guide

This set of tools is widely used in the financial markets

Because it can reflect the support and resistance levels of market psychology

Prices often pause or accelerate near these levels

It is an indispensable weapon for trend followers

1. Why use Retracement

Used to identify when the 'correction wave' in the driving wave ends. When the price retraces to key levels such as 0.618, it is often the best time to return to the main trend direction

2. Expansion and Extension

• Expansion: Determines the position where after the third wave runs, it may revert from the second wave back to the first wave area

• Extension: Identifies the end point of external fluctuations, looking for points where the price reverses back to the previous wave trend

1. Common Tools and Selection

In addition to the most commonly used Retracement and Expansion, there are also advanced tools such as channels, fan lines, arcs, and time intervals

Choosing corresponding tools based on different market characteristics can make your predictions more accurate

2. Precise Strike Entry in 4 Steps

Identify the distribution phase of the small cycle

Wait for the price to test the supply zone

Enter after breaking through the supply zone or ascending wedge

Set the take-profit at the level of previous key low points

Learn this set of combination punches

You will find your own compass amidst market fluctuations