Fibonacci Pullback Entries

Workflow: identify trend → mark impulse → draw Fib → wait for price to enter 38.2–61.8 zone → seek confirmation (hammer, engulfing, OB reaction) → enter with stop beyond 78.6% or structure low.

Limit orders at 61.8 or 50 can get filled without confirmation — higher fill rate, lower quality. Confirmation entries sacrifice some R but filter false deep pullbacks.

Multiple Fib confluence: 61.8% on 4H aligns with daily 50% — stack strengthens zone. Mark overlap bands.

Counter-trend warning: deep Fib in dying trend looks like opportunity but is often trap. Check HTF structure still making HH/HL (longs) before buying 61.8.

Targets: prior swing high (impulse origin) for first partial, extensions (next section) for runners.