How to Use Fibonacci Retracement Like a Pro

Fibonacci is a mathematical tool that reveals the "natural" retracement levels of a market trend. Professional traders use it to find value in an existing move.

Identify the Trend

Fibonacci only works in a trending market. Find a clear move from a "Swing High" to a "Swing Low" (or vice versa).

Draw the Tool

Pull the tool from the start of the move to the end. Focus on the "Golden Zone" between 50% and 61.8%.

Wait for Confluence

Don't trade a Fib level in isolation. Look for a moving average or a previous support level to align with your Fib level.

Common Mistakes to Avoid

/Drawing the tool on a range-bound market
/Using too many extension levels

The Drawdown Way

Our charting tools automatically calculate institutional Fib levels.

Open Fibonacci Charts

Questions & Answers.

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