Hi,
I trade a method that uses Fibonacci however I don't know many people who trade Fibonacci so I thought I would ask a question that has been rumbling around my head for sometime here.
I have included 2 charts that hopefully explains what I am asking.
In the 1st chart I've drawn a fib on a move I like.
In the 2nd chart is where my question lies. Price breaks below the bottom of my original fib then decides to break back up inside the original
fib again. Does anyone have some constructive thoughts on whether or not they would move the fib end down to the new low or would they leave
the fib end in the original position.
I'd humbly appreciate any constructive thoughts.
I trade a method that uses Fibonacci however I don't know many people who trade Fibonacci so I thought I would ask a question that has been rumbling around my head for sometime here.
I have included 2 charts that hopefully explains what I am asking.
In the 1st chart I've drawn a fib on a move I like.
In the 2nd chart is where my question lies. Price breaks below the bottom of my original fib then decides to break back up inside the original
fib again. Does anyone have some constructive thoughts on whether or not they would move the fib end down to the new low or would they leave
the fib end in the original position.
I'd humbly appreciate any constructive thoughts.
Healthy, Wealthy & Steady!!