How do you use Fibonacci retracements correctly?

✦

I have tried using Fibonacci but the price rarely hits the exact levels. Am I using it wrong?

#chart-analysis

👍🔥📈9 reactions2 answers

Answer

💡 2 Answers

✅Best Answer

Wolf Alpha

Trader · 15 days ago

Draw Fib from swing low to swing high for uptrends. Key levels: 38.2%, 50%, 61.8%. Price rarely hits them exactly — look for reactions within a zone around these levels.

👍 7

Wolf Cub

Trader · 15 days ago

The 61.8% (golden ratio) is the most respected Fib level. Combine it with a moving average or previous S/R and it becomes a high-probability zone.

👍 15

How do you use Fibonacci retracements correctly?

💡 2 Answers

✍️ Write Your Answer