Acquisition of these two skills can help a person become a seasoned trader.

Learning both technical and fundamental analysis skills is like having two useful tools for trading. It's key to becoming a skilled trader. Fundamental analysis makes one a good investor while technical analyse makes a good trader.

To be able to use this tool in forecasting price, the two extreme points of price on a chart are taken and used in dividing the vertical distances of the ratios.

I understood it as when we want to predict prices using the Fibonacci tool, you pick the highest and lowest points on a chart. It helps to figure out different levels and make better forecasts. That's perfect and simple explanation of it .

The Fibonacci retracement level is an interesting tool for trading. Most times, the market obeys these Fib ratios to the later, making it a tool traders can trust.

The Fibonacci retracement tool is pretty cool for trading. Usually, the market follows the Fibonacci ratios well, so traders find it reliable. But it's smart to use it along with other tools for the best results because there is no single fool proof tool in the market . As small hands in the market , we have to follow , we cannot manipulate the market unlike institutions.

Thanks and good luck .