the only day trading tool that you are ever going to need this strategy has an insanely high winrate and is known as the fibonacci retracement strategy so this strategy is incredibly simple you can see your fibonacci retracement tool right here and all you have to do is draw from the left to the right if you have those settings copied earlier to look just like this so when you're trading you need to look for a pullback you can see right here we end up pulling back right we're coming down and that we pull back with your fibonacci retracement tool make sure that you have the top and the bottom of this trend marked so here's how to actually use the strategy whenever you see the stock coming up to that key level you want to see how the actual momentum of that stock is moving you can see right here we come right up to this with really strong momentum and on the next candle we end up rejecting it you can see we have selling pressure pulling the candle down this is where you want to enter a position to the opposite side looking for a rejection set your target by an important key level and make sure that your stop is above that golden zone that we talked about earlier sixty five and sixty one point eight take a moment to copy these settings now let's see how that trade plays out straight to our target and we make a bat