Why do we use Fibonacci levels?

Fibonacci levels are used throughout trading and are a highly valuable tool to help us understand price action and make trades.

Objectives 
By the end of this video you will learn more about Fibonacci levels and how you use them to trade.

After you watch this video you should be able to:

1. List the main Fibonacci levels used for retracements
2. Understand how to set the Fibonacci retracement tool on a chart
3. Edit your Fibonacci retracement tool
4. Identify areas of interest for trading using the Fibonacci retracement