Learn to draw fibonacci retracement lines
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fibonacci is a garbage tool it doesnt tell you anything.....only in hind sight lols
"lets draw these lines and hope the correspond with a peak or trough of a graph, and call it support/resistance"
there are many many peaks and troughs in a graph even if a draw a bunch of random lines at least one of them will line up with a peak/trough
kevinnguy3n 1 year ago
what is non sense. I know this is very basic info but not non sense,
kangal1999 2 years ago
He is right.
Fib line is drawn from low to high in a up trend or high to low in down trend. You need to read about trend lines and Fibonacci to make the distinction.
kangal1999 2 years ago
lol....such a nerve to post nonsense.....
EDESEM 2 years ago
what are you talking about? a fib line isn't a TRENDline, a trend line you connect from low to low and high to high
rockboy679 2 years ago
this isn't right... you mark lows with lows and highs with highs. you dont connect a low with a high.
jp0818 3 years ago