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DislikedAnyone knows if it is correct to draw a fibonacci retracement from point 6 (highest wick) to point 1 (lowest wick), and be valid? Also, from what point to what point can you draw a fibonacci retracement on this chart? {image}Ignored
DislikedAnyone knows if it is correct to draw a fibonacci retracement from point 6 (highest wick) to point 1 (lowest wick), and be valid? Also, from what point to what point can you draw a fibonacci retracement on this chart? {image}Ignored
Disliked{quote} I mainly count 23, 50 & 61 levels of fibo; whatever the time frame it is.Ignored
DislikedAnyone knows if it is correct to draw a fibonacci retracement from point 6 (highest wick) to point 1 (lowest wick), and be valid? Also, from what point to what point can you draw a fibonacci retracement on this chart? {image}Ignored
DislikedIt's really a very simple question. It seems that nobody is unable to answer this, since some traders think the correct way is to draw the fib retracement from points 1-6 and other traders think the correct way is from 1-2,3-4,5-6. I'll do a some research on another Forex Sites and luckily find the answer.Ignored