Fibonacci retracements are simply tools to spot high‐probability pullback zones. You draw them from swing A→B, watch for price to respect the 38–62% band, then join the trend with stops just beyond the next deeper level. Extensions beyond 100% become logical profit targets.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.