Fibonacci numbers/ratio are an integral part of technical analysis. Entire concepts and trading theories were based on them.
Traders always strive to get into a trade at the right moment. What would the right moment
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1.
Start fibo retracement from swing high, not the other way around. Simply 0 point should b where retracement started
2.
The base should b chosen as major swing low. Can't just pick a random point
Start fibo retracement from swing high, not the other way around. Simply 0 point should b where retracement started
2.
The base should b chosen as major swing low. Can't just pick a random point
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