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Most traders use Fibonacci. Almost none use it correctly. This 5-minute breakdown fixes that.
14,291 views • 6 months ago •via X (Twitter)
6 Comments

The mistake happens at 2:43 👇

Most traders are walking east and west trying to reach the North Pole. The harder they work at indicators and oscillators, the more illusions they stack on top of each other. Price moves on one thing, supply and demand. Everything else is just a derivative of it.

Strategy repetition is easy. Behavior repetition is not. That’s why most traders stay stuck.

Most traders know this but can’t apply it consistently.

Fibonacci doesn't predict the future. It doesn't tell you where price WILL go. It tells you where price is LIKELY TO PAUSE, breathe, and make a decision. And that pause? That's where we trade.

NFP and central bank policy could set the tone for markets very quickly. #NFP #Fed #RBA #Markets
