Fibonacci levels are used extensively by pro traders in making the entry and exit decisions. Fibonacci levels are respected by the markets and watching the reaction of the market near a fibo level can tell whether the market is going to continue or reverse. If the market reverses from the 61.8% Fibonacci level, it means the market is going to continue in the direction of the original trend pretty strongly. Now it is not necessary that the market stop and reverse at a fibo level so when you make trading decisions don’t solely depend on these levels alone. Watch this 1 hour video below that explains in detail how to trade using these levels.