Strategy Do market makers still use Fibonacci Retracements when moving the markets

[PMShabalala]

I realised that Markets just shoot straight without retracing, what's the cause to that

 

[aguspc1]

don't know exactly, bro.
But perhaps some of the big traders, take profit, and reentry at the retrace price.

 

[ForexGeek007]

What i think they use, is the info they get from the forex server rooms, orders TPs and SLs eveything else is just mind games adjusted to the situation

 

[richiebjm]

The fundamentals of the market are still the same so i think they would still hold. Of course, nothing is 100% so it cannot be relied upon solely as a trading methodology.

 

[docimran]

Its fundamental who brings volatility in the market but on technical can gage it, so not only fibbo rather any single line can guide you data read on the chart.