Ep 105 Fibonacci why does it work

Ep 105 Fibonacci why does it work. It's not so much mystical historic numbers it’s just levels that are spaced at nonlinear intervals. Look at any price chart you will see price moves in a nonlinear fashion and that is as simple as it gets. So instead of having to find a level that price will retrace too Fibonacci suggests 5 levels. I don’t use Fibs on my weekly H4 charts I only use them on the daily H1 charts. Have a watch of the video and see what you think?