http://www.stock-market-strategy.com Stock Market Strategy has created a video to explain how professional traders use Fibonacci Retracements/Extension for entering high odds trades and for profit taking. Fibonacci is explained using charts so you can easily see how it can be used in trading
Fibonacci Retracements is one of the most used tools for entering trades in the stock market. Understand the formula and how it is calculated to really start believing in this stock market indicator for better implementation. We hope you enjoy the video.

Direct link to Fibonacci Retracements/Extension Page:
http://www.stock-market-strategy.com/education/technical-analysis/fibonacci/