Greetings brother,

The Fibonacci retracement strategy is actually a method used in analyzing charts. It's based on a sequence of numbers called the Fibonacci sequence. By applying this strategy, you can identify potential levels of support and resistance in the price movement of a stock or other assets. It's like using a ruler to measure and predict where the price might go next. Isnt it pretty cool? Of course, it's pretty cool once you get the hang of it. All the best in the contest.