If you are confused about Fibonacci Trading Strategy, Read this post and watch this video https://www.youtube.com/watch?v=p3M3J152LdI Letҳ talk about Fibonacci retracement levels. Fibonacci retracement levels are horizontal lines that indicate the possible support and resistance levels where price could potentially reverse direction. The first thing you should know about the Fibonacci tool is that it works best when the market is trending. The idea is to go long (or buy) on a retracement at a Fibonacci support level when the market is trending UP. And to go short (or sell) on a retracement at a Fibonacci resistance level when the market is trending DOWN. Fibonacci retracement levels are considered a predictive technical indicator since they attempt to identify where price may be in the future. The theory is that after price begins a new trend direction, the price will retrace or return partway back to a previous price level before resuming in the direction of its trend. (If you are a new person who's learning how to trade and is not familiar with basic Know How, please Download These Free Instructions https://www.dropbox.com/s/8jsg5jn83ie7re1/Trends%20and%20Trading%20Basics.pdf?dl=0) Finding Fibonacci Retracement Levels In order to find these Fibonacci retracement levels, you have to find the recent significant Swing Highs and Swings Lows. Then, for downtrends, click on the Swing High and drag the cursor to the most recent Swing Low. For uptrends, do the opposite. Click on the Swing Low and drag the cursor to the most recent Swing High. #NMBO975 (Feed generated withFetchRSS)