DislikedHey guys
is the range fib and the retracement fib the same thing ?
Or is the range fib used when the market is ranging (crossing the envelope) and the retracement fib used once the market is trending again?
I'm sure this is answered somewhere but I'm only up to p.g 17 of this thread as I'm following it from the start with my charts...
CheersIgnored
The range fib and the retracement fib are not the same thing and you got it right, the range fiv is used when the market is ranging. The retracement fib would be used when the market is trending and is used to show the retracement of an uptrend or a downtrend, and will be pulled if the low or high is broken.
Check out pages 74 and 75. Make a note of which pages have what information. Thats what I do.