Fibonacci Summary

Fibonacci Summary
There are 2 types of Fibonacci:Fibonacci extension: the levels of Fibonacci extension will be 0, 0.382, 0.618, 1.000, 1.382, 1.618.many Traders can use the Fibonacci extension as profit taking level and when they watch the same levels ,they can buy or sell to enter the trade or cancel it, so this will become a due self-fulfilling expectation . When you need to apply the Fibonacci level at your chart you will need to know about the swing low points and the swing high points A Swing Low is a candlestick with as minimum two higher lows on both the left and right of itselfA Swing High is a candlestick with as minimum two lower highs on both the left and right of itself