Fibonacci Levels
Lesson summary:
In this lesson, the instructor discusses the use of Fibonacci retracement and extension levels. They thank the viewers for their patience in waiting for the video edition of the lesson, which was previously only available in Google slides or PDF format. The instructor explains the importance of understanding swing highs and swing lows in anchor selection for using Fibonacci levels. They also provide examples of how to use the levels to identify support and resistance, and discuss the use of Fibonacci levels for projecting prices at all-time highs. The instructor emphasizes the importance of customization and experimentation when using the tool. They also caution against trading Fibonacci levels blindly and recommend using them for confluence only.