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Old 04-09-2008, 04:46 AM
StefanIlarda StefanIlarda is offline
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Join Date: Jul 2007
Posts: 28
Default Re; Fib. Level Ret. Points

Hi James,

I read somehere on this thread that in order to find price retracement levels on 15min chart, Fib. Analysis need to be done on 4HR chart.

Can you pls. tell me @ which point on the attached chart do i start plotting Fib. Ret. (Point A or B or C) to the LOW Swing point shown by Red Horizontal line ?

Note:
that the Trend began it's DOWNWARD move from Point A.

Thanks - Stef
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File Type: jpg FIB RET HIGHS.jpg (41.1 KB, 233 views)
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