Please can anyone explain to me how to clearly draw my fib extension points. The lessons isn’t very clear
A Fibonacci Extension is a way of predicting support and resistance for trend following extension levels. Used when the market is in an up trend, then you see a pullback and a continuation or in a down trend with a pull back and continuation. To add to your chart selection the Fibonacci Extension tool. Begin at the swing low (or high) of the beginning of the trend, select that point. Drag the tool to the swing high (or low) and select that point then for the final point select the swing low (or high) of the pullback. And there you have it.
1 Like
Fibs are one of my fav tools , I explain here
2 Likes
Nice video. I could feel you’re genuinely determined to help.
2 Likes
I do try best I can
1 Like