How did you draw this fib extension: I mean how did you project on the basis of which two points. According to your extension, it should hit 110 right? please advise as I need to learn this as I am very new in trading.
altinAdam
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@techserve2020 look at the swing low (0) and the swing high (1), that’s how you get your extensions. Notice it hit the 1.618 and then back to the 1.236. Then proceeded to the 2.618.