DislikedDear bobokus:
i was just see your excise about draw fibs on the daily chart. the time is from 2007 march to 2007 oct. i have some problem about it.
just as you said in the thread:' since the high of 2.1161 has been madethis pair has gone into deep correction. the way i handle the uptrend fib now is since its levels have been broken i have to go back father in time to see hwat the next level are bloe the low htat i am currenty using"
i think since the fib is broken, then the trend is reversed to a down trend.
why to move the low to another low. so in practice , how to decide the position of the low.
if we move the low of uptrend to another low, we are in the up trend yet. but if we do not, we are in a downtrend.
i am confused .
regardsIgnored
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