I'm particularly new to trading, do you mind telling me how you lined up your Fib on this graph? Looks like the top is at .88 is at 1957.38, meanwhile, your .236 is at 1907.56. Is this how all Fibs, should be lined up?
yohanes_fillipo
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@CavanH, to draw the fibonacci you need to see the big picture and see the swing high and swing low. And it actually depends on the time frame too. Each time frame has different swing high and swing low. When you draw the fibonacci in lower time frame, you will draw differently, which also make you trade differently.
CavanH
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@yohanes_fillipo, Oh, I see! that's why those swing arrows are helpful!!! thanks a lot