Using Fibonacci Levels in Trading Effective Fibonacci Levels: 1. 62% retracement area for continuation setups. 2. 1:1 and 1:1.5 expansions for target projections. Jey Considerations: 1. Use Fibonacci levels as structural guidance, not sole decision-maker. 2. Combine with extrinsic factors (e.g., technical indicators, fundamental analysis). 3. Fibonacci levels work across all timeframes due to fractal nature of prices. Application Tips: 1. Identify retracement levels for potential continuation trades. 2. Project expansions from structural levels for target setting. 3. Combine Fibonacci analysis with other trading tools for informed decisions. By incorporating Fibonacci levels into a comprehensive trading strategy, traders can identify potential reversal points and set profitable targets.