@lpha Trader RETRACEMENT Auto Fib (with Custom Text)

🔸Fibonacci Extension Levels (for take profit / projections):
Used to forecast where price may extend beyond the origin (swing measured from A to B, projected from point C):
Level Description Usage
1.000 Swing completion Often retested
1.272 TP1 (smart money) Frequently respected
1.414 TP1.5 Lesser-known but effective
1.618 Golden Extension Strong take-profit zone
1.707 Smart money spike Liquidity grab
2.000 Double move Strong but rare
2.272 TP2 Good for swing targets
2.414 TP2.5 Extended move
2.618 TP3 Exhaustion begins here
3.141 Market maker overdrive Algo targets (π level)
3.618 End of institutional move Often reversal zone
4.236 Final blow-off Extreme parabolic target


✅How to Use Them to Beat Market Makers
1. Combine Retracement + Extension:
o Measure the impulsive move using retracement.
o Enter around 0.618–0.786 retrace.
o Set targets at 1.272, 1.618, and 2.618 extension.
2. Use 0.705 for sniper entries:
o This level is rarely discussed but is often a true “bank entry level.”
3. Watch for liquidity above/below 0.886 / 1.618:
o Market makers often target stops around 0.886 for reversals.
o 1.618 is where institutions typically take profit and reverse.
4. Overlay with Smart Money Concepts:
o Look for CHoCH / BoS around Fib zones.
o Confirm with order blocks and imbalance/fair value gaps (FVGs).
5. ZigZag or Swing Detection:
o Use tools to auto-detect swings for Fib drawing (e.g., pivot-based).
o Don’t draw manually on noise — market makers trap retail this way.
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