Disliked{quote} The most basic way to explain it is like this: 1. Find 100% of a trending market, 2. Plot the Fibonacci tool form 100% (ie. Highest High to Lowest Low in Bullish Trend), 3. Expect retracement to 50% of that trend or lower 38.2% and go in the direction of the Bullish trend. 4. If the price retraces even lower, it's likely that it's not Bullish any more. However, this is just a hypothesis, and reality doesn't prove it to be correct, so that's why people invent other ways of using the tool. BTW. There is no correct way or incorrect way of using...Ignored
hello, what is the name of the star indicator? Thank you