Hey everybody newb here but understand some of the logistic of trading...just wanted to ask where to start the fibonacci lines on a daily chart....I'm not sure if I drew it right...I spread it from the current day low and went up from there.....also in terms of retracement...I read that the key ones are 38 50 and 61.8 so with my line 234.5 is my 61.8 fib...if I drew it at the right starting pt. thats was the support lvl right when it was going south? thanks again in advance...
