Hello friend.. greetings from @emmy01

You have done perfect justice to this week's theme on the Steemit Engagement Challenge in this community
Fibonacci retracements are one of the best tool in the market which traders use to make entry and exit points. As traders in the forex and crypto space are looking for tools to help them decipher the support and losses in the market, the Fibonacci retracements has done the perfect job, although not been the only tool... I like how you started you explanation on the concept with great mathematical reference to the Fibonacci sequence.... You also mentioned the most important Fibonacci levels down to the "golden ratio"... Weldone for this job...

The advantages of the Fibonacci retracements is clearly stated which will give any beginner understanding on why it is very good to use this great tool that helps traders analyze movement and trading decisions. There are also numbers of disadvantages of this tool Which you mentioned from - Not foolproof, lack of confirmation, advanced strategies and subjectivity in placements

Thanks for sharing and good luck with the challenge..