hello every one, am new here .pls can someone help me out on fibo question.
If one needs to use fibo, do i need to draw it on different time frames?. 1hr, 4hr, daily?
Please use the search function of the forum before opening a new topic. There are many topics on the basics of Fibo and you can also look up the answer to your question in the School of Pipsology.
Ok sir, thanks for your response but my confusion is in the fact that school of pipsology did not explain if one can weekly fibo on daily chart and lower time frames. will the retracement on daily chart match with the weekly fibo levels or they should be drawn seperately. The same applies to pivot levels, weekly pivot and daily should they be drawn seperately on the same chart?. sounds dumb right ?, but i need to know. Am sorry to bug you, could you spare me a second to throw a little light on it if you dont mind.