Fibonacci Trading Masterclass - Fibonacci Retracement (2021)

See the market as a seesaw of buyers and sellers; price trends up, down, or sideways, with Fibonacci retracement best used in trends and patience in ranges.

Discover how highs and lows reveal trend direction, with higher highs and higher lows in uptrends and lower highs and lower lows in downtrends, guiding momentum shifts and entries.

Master how to draw highs and lows, higher highs and higher lows in up trending markets and lower highs and lows in down trending markets, and observe momentum change.

Explore how highs and lows form wave patterns of impulse and correction in forex, driven by buyer-seller imbalances and trader psychology, to time entries and exits.

Master Fibonacci retracement to time corrections and continuation entries, using levels 0.236, 0.382, 0.5, 0.618 (golden ratio), and drawing by connecting swing highs to swing lows.

Identify the market direction and ride the trend with a four-step Fibonacci retracement strategy. Seek confirmations from candlestick patterns and support/resistance, and target a 1:2 risk-reward.

Identify trend direction, mark highs and lows, and apply support and resistance as confirmation, using Fibonacci retracement to time entries with defined stop loss and take profit.

Use trend lines as confirmation with Fibonacci retracement, validating lines by two touches and two highs, for bullish or bearish trends and defined stop-loss and take-profit.

Combine candlestick patterns with Fibonacci retracement to confirm high risk-reward trades in an uptrend, using bullish and bearish pinball patterns and engulfing patterns.

Implement the two trade system within Fibonacci retracement to manage risk and reward, setting a stop loss below 0.618 and using conservative and aggressive take profits at the zero level.

Balance technical skill with money and risk management, emotional control, and diversification in Fibonacci retracement trading; limit risk to 1–5% per trade and cap 2–3 trades per day.