How to choose the right points for fib retracements?

Beginner Questions
1

When I put the fib line on the graph, I select the previous lowest low and drag it up to the previous highest high, right? But should I use just the body of the candlestick or should I go as low or as high as the wick goes?

2

I would stick to drawing them to the lowest low of the candle up to the next highest high. That is including wicks.

3

To choose the right point I use price action combined with a momentum indicator such as the RSI.

4

I only use the Fibonacci tool for this: YouTube

5

Pipperstake and Sinatraforex:

the question was posted four years ago!!

I am sure that Lakontis has

understood Fibonacci by now!!!

Not only that, but only five days ago,

Diek also posted the (same)

Fibonacci question, right here

on Newbie Island:

http://forums.babypips.com/newbie-island/68127-question-about-fibonacci-school.html

I say, that Search button is a

wonderful tool!

:13:

6

LOL, I never check the OP’s date.
Wow Sinatraforex, you took the effort of searching for a question just to answer it.

7

Check this out. It’s great Fibonacci source. YouTube

Hope that helps
Gp