Disliked{quote} If you look carefully the first image is measuring the downtrend whilst the second is measuring the uptrend. Hope that answers your question.Ignored
When choosing an initial datum I find from the last low to the last high works well
Are we right in thinking we can also work from the last high to a low if that's the previous days move.
Would I be right in saying when the 61.8 is breached and we re-calculate this fib line as a new 0 line then the new 38.2 can stand as a potential rejection point.
(Fibs has always eluded me) so basic questions i guess but good to learn and thanks Nut.