Fibbonacci retracement of the line - a line of value from 0 to 23.6 - 38.2 to 50
- 61.8 to 100. You can also add -168.1 or 168.1 as
addition of value Fibbonacci retracement. Figures - these figures into
Support the Resistance her.
That need to be considered in making Fibbonacci retracement is
you determine the point to start drawing a line Fibbonacci (point 0 or
called Swing High / Swing Low) and ended at point 100 (or so-called
Swing Low / Swing High). I call High Swing - Swing Low as
the couple. Because Fibbonacci retracement can be used to Uptrend
(which means to Swing High Swing Low) and downtrend (which means Swing
Swing High to Low).
The following are examples of using Fibbonacci Retracement:
