This looks very interesting.
Fibonacci retracements are one of the most important concepts that a trader needs to understand. Sometimes, you have to believe in faith as there is no reason that the Fibonacci sequence is valid, these same numbers and patterns are present in the ratio between our ears, nose and mouth, but also between the planets in the solar system. Fibs appear everywhere and they work. At least they provide excellent support and resistance levels.
Very nice video.
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