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How does this fib retracement trading work? Do you invest at...

  1. 34,916 Posts.
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    How does this fib retracement trading work? Do you invest at 38.2% and if it fails that then sell out until it goes to 50%. Then if it fails that sell out and buy in when it gets to 61.8%?

    Don't quite understand the significance and the theory behind why it would bounce off these levels (other than a load of traders are using the same concept and buy at these levels).
 
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(20min delay)
Last
0.4¢
Change
0.000(0.00%)
Mkt cap ! $4.843M
Open High Low Value Volume
0.4¢ 0.4¢ 0.4¢ $172 43.02K

Buyers (Bids)

No. Vol. Price($)
1 206975 0.4¢
 

Sellers (Offers)

Price($) Vol. No.
0.5¢ 2632522 6
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Last trade - 11.21am 28/07/2025 (20 minute delay) ?
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