Clarification of Fibs and "the big short"

Beginner Questions
1

I have been reading various posts and have come across references to “Fibs” and Shorting.

example from a post:
“It’s too soon to enter short for me. I’d prefer it either solidly crack through some support and/or fibs on it’s way down before going south. In an ideal scenario, it would retrace up a bit ,and then continue to drop, further illustrating that the bears got the trend this time.”

so…what is Fibs?

can you make money shorting a pair? how? I don’t understand the concept.

thanks in advance.

2

Hi
Fibs is fibonacci. some say its God’s numbers :slight_smile: : YouTube

on trades…maybe you would like to view this: YouTube

my 2 cents

3

There’s no more specificity of Fibonacci levels to short trades than there is to long trades.

It was just a coincidence that short trades happened to be the context in which you saw them mentioned.

Yes; you can. You need to be reading the “school” pages, here, before anything else, I think: School of Pipsology | Learn Forex Trading

And perhaps after that, you may find this link about the use and abuse of Fibonacci numbers interesting. :slight_smile: (Just my “two pips” :wink: ).