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Fibonacci do you use it... :)

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Fibonacci do you use it... :)

I think is a great tool to use in the marke . whats your view.... :))

Tue, 01/15/2019 - 7:06pm

I use it all of the time. Very seldom price move does not end on a Fibonacci level from the near past - it is when the market makers could not make it on the first try. They will make a second push for it and will hit it.

ANY significant top or bottom is on a fib. People say the same about previous Support and Resistance levels, and it is true. It is also true that these Support/Resistance levels are former fibs.