i am wondering… if i am a day trader, where should i draw my fib levels? the previous day highest high to lowest low or what? what is the time guideline? within a day?or 2? or a week? to find the highest high to lowest low? where should i start?
I mostly do Swing Trading so it is usually 2-3 months but since you are a day trader you should measure anywhere from 15 mins - 1 day. It really depends on how frequently you trade. I would start from 15 mins and work your way up to find out what tactic works the best for you.