Clarification on Fibonacci

[Big Dirams]

When it comes to Fibonacci numbers I use to get confused a lot and I just decided to ask the question here so I will get more explanation.
    Fibonacci sequence is mostly used for tracing where to place an entry and also where we can pinpoint a resistance and support level but I have been wondering how does this sequence work, how do traders place Fibonacci numbers and how can we be able to predict market movement with Fibonacci strategy.

I just need more explanation I want to start making use of Fibonacci and adding it as a strategy to my knowledge.

[BitMaxz]

For me Fibonacci is used only for retracement, predicting the support or resistance on the current trend. It won't work on the consolidation phase, and it also won't work without validation using price action or other indicators like stochastic.
Swing traders do use this to look for better entry while you are in the current trend and use this only in impulsive spikes.

Watch this old but powerful explanation here https://youtu.be/yUC_tv3MzR4?si=kLj4cReHy532UTNX

[logfiles]

There are quite a number of articles and videos explaining much about Fibonacci, how to make technical analysis using it.  I loved using it for determining the support and resistance levels, but the problem is too much of technical indicators onto one's chart = disaster

You might want to look at this;
1. https://www.babypips.com/learn/forex/fibonacci-retracement
2. https://www.investopedia.com/terms/f/fibonacciretracement.asp

[goldkingcoiner]

When it comes to Fibonacci numbers I use to get confused a lot and I just decided to ask the question here so I will get more explanation.
    Fibonacci sequence is mostly used for tracing where to place an entry and also where we can pinpoint a resistance and support level but I have been wondering how does this sequence work, how do traders place Fibonacci numbers and how can we be able to predict market movement with Fibonacci strategy.

I just need more explanation I want to start making use of Fibonacci and adding it as a strategy to my knowledge.

The real reason? Crowd Psychology.

Everyone is reading the same chart, using the same indicators and they all are expecting the same thing to happen.

Math has nothing to do with it. The indicator works because others make it work. If people used the moon as an indicator we would have pumps every full moon.

[Big Dirams]

Wow, I really did get the actual point now and I can figure out how Fibonacci sequence works now. I did got what I wanted and the clear explanation I wanted I got it both on the replies and the links you provided and videos too, I’m very thankful and grateful.
Now I understand better, the forum is surely a place to ask and get clear answers wow, thanks so much everyone.