Fibonacci Retracement

In this article we are learning Fibonacci Retracement tool which is useful to see uptrend or downtrend pullback areas and to conforming Price Action.

Table of Contents

Fibonacci Retracement

Fibonacci Retracement – Uptrend

Using Fibonacci as Confluence in Uptrend

Fibonacci Retracement – Downtrend

Using Fibonacci as Confluence in Downtrend

That is why red location 1, 2 and 3 are areas of resistance and added bonus Fib Extension pullback at 50%.

That’s all for Fibonacci Keep practicing and use as a confluence at price action. In the next article we gonna learn about the Volume which conforms price action setups entry and target.

Fibonacci Retracement ​

Fibonacci Retracement ​

Fibonacci Retracement – Uptrend ​

Using Fibonacci as Confluence in Uptrend ​

Fibonacci Retracement – Downtrend ​

Using Fibonacci as Confluence in Downtrend ​

Fibonacci Retracement

Fibonacci Retracement

Fibonacci Retracement – Uptrend

Using Fibonacci as Confluence in Uptrend

Fibonacci Retracement – Downtrend

Using Fibonacci as Confluence in Downtrend