Test use of fibonacci on XLM chart, all help/advice is welcome

XLM had a nice retracement last few days, think its going up, trying to understand WHEN to use fibonacci. I prefer the fibonacci tool in Bittrex but couldnt load it here for some reason.

Note

What is your advice guys? Am I using it correctly?

Note

bittrexblobstorage.blob.core.windows.net/public/171a6366-ac1a-4d1f-96ae-209ad5d34412.png

Prefer to use it like I use it on Bittrex, but I dont seem to find a similar one in the tradingview chartoptions.

Calibretto

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.