FIBONACCI RETRACEMENT [For Beginners] - The ULTIMATE Beginner's Guide

The Fibonacci Retracement Tool is one of the best tools out there for finding immediate support and resistance zones to trade with.

In this video, I'll teach you how to set-up the fibonacci tool on TradingView, step by step, in order to best trade with it.

I'll explain to you what the levels of the tool actually mean, and which ones I find the most important.

We'll place the tool on a chart, and I'll show you exactly how to make money trading fibonacci retracements.

// WHAT TO WATCH NEXT

TradingView 101:

A Simple Support & Resistance Strategy:

Elliot Wave Tutorial - Part 1:

Day Trading (Real Example):

// LEARNING MATERIALS

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[TradingTutor]

Thank you for watching! Let me know what tool you'd like to see next!

[cvalery]

Wow! This is the best explanation of the fib tool ever! Including changing the settings and including the golden pocket. I have learnt more here than i have learnt on trading in the last 2 months (yup im a beginner)
So thank you for the video!!

[kristenhicks]

I was recently introduced to this tool from another trading video, but did not know how to use it.

Never got around to learning how it worked until your video popped up after I watched some other trading videos.

Now I understand how to use it and configure it. 😊 Awesome video!

[Dene_Babe]

This was very helpful. Thank you for showing your trading view setup too !

[raphaelmagege]

It took me so much time to find an understandable video about Fibonacci. Great content

[temesgen]

This video is old but it was very helpful. Thank you very much my friend

[xtiancalica]

VERY CLEAR EXPLANATION, THANKS FOR THIS TUTORIAL SIR
GOD BLESS YOU

[bryanbertrand]

Just watched your video on fibs. Appreciate the clarity as there is lots of haze on topics like this on youtube. You suggested drawing fibs top down for selling and bottom up for buying. How does this align with bullish/bearish trading? Im more bullish and like to trade credit spreads. Thanks

[norbertr]

thank you for this great explanation; even as a beginner I was able to follow you and understand. 👍👍👍

[obidijerry]

1 year later and the video is still quite great. Thank you.

[Donnaiemmitifitness]

Thank you for explaining Fibonacci so I could understand..

[meezy]

FABULOUS AND REALLY CLEARLY EXPLAINED. I WOULD LIKE TO KNOW ANYTHING THAT WILL HELP ME DECIFER WHAT IS HAPPENING TO MY MONEY AS I AM A BEGINNER SO ALL INFORMATION IS GRATEFULLY RECIEVED X

[logannathanson]

Great video! The way you set up your tool is super clean and easy to use, I'm definitely stealing your set-up!

[chocomallows]

This is the video I was looking for a month ago before dipping my toes in crypto. Thanks heaps!

[learntradecrypto]

This video is perfect, thank you! I’d like to see the Fibonacci extension tool next!

[tomdainguyen]

when up trend should we draw from the top to the bottom? and when the down trend we should draw from the bottom to the top?

[cypherpunk]

DUDE thank you so much for this video and how in depth you went. This like seriously helped me understand how to use this indicator properly. Ill be looking for that Golden Pocket ;)

[wesleyyoung]

Explained in simple terms for the older guy that has to much in his head already.ha
Thanks mate…nicely done

[chengdivino]

Can the fibonacci be applied on any timeframe?

[sharmakemohamed]

thank you for teaching this important lesson please give us another lesson like this.