🌪️【Monday's Market Must-Know】Fibonacci Retracement: The "Where Will It Bounce?" Tool!

Traders, let’s talk Fibonacci—this isn’t just math, it’s a roadmap for price pullbacks.

Here’s the deal: After a big price move (up or down), prices often "retrace" a portion of that move before continuing. Fib levels (38.2%, 50%, 61.8%) are the sweet spots where reversals often happen.

How to use:

• Uptrend? Draw Fibs from the swing low to swing high. Watch 38.2%, 50%, 61.8% as support for a bounce.

• Downtrend? Draw from swing high to swing low. Those same levels act as resistance for a pullback.

• 50% isn’t a Fib number, but markets love it—don’t ignore!

• Pro tip: Pair with candlestick patterns. A bullish engulfing at 61.8% support? Chef’s kiss.

Fibs work because traders believe they work—self-fulfilling magic. Start mapping ‘em—your entries will get sharper. 🎯 #Fibonacci #TradingWisdom