Dislikedhi again,
sorry 4 the questions guys but the zig zag is there another name for it my charts have it but the options dont give me the chance to do 12,5,3 or 6,5,3?
cheers andrewIgnored
As for drawing your fib... You have 3 points (I'd show you a picture but im not sure how to load them on here)
Lets say is an up trend...The 1st point is the low swing point the 2nd point is the high point and the 3rd point is the retracement. It's hard to explain in words but easy in practice
To draw your fib with the fib expansion tool you basically drag it from point 1 to point 2 to point 3 and it gives you your expansion levels
To draw it with a fib retracement tool you just drag it from point 1 to point 2
You can use either one and they will give you the same target projections
So basically you drag it from low to high in an uptrend and high to low in a down trend
Does this make sense?
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