u/orewayami

Many analyst* says fibonacci is one of the most underrated and accurate tool in trading if used correctly.

But here's the catch, Fibonacci pattern works differently in different market and situations. Somtimes it bounce back from 30%, sometime 50%, Sometime 60% or even 70%.

So how do you guys think of it and use it in what use cases. Where's the entry. (weather rejection candle from the zone or just in the zone) Hard Exit ? Probable Target ?

Add on parameters which improves its accuracy.