Fibonacci Question

Discussion in 'Technical Analysis' started by mgabriel01, Nov 3, 2008.

  1. What is the best way to determine the high and low values on which to base fibonacci retraces

    on a downtrend -- Low to Low, Open to Close, High to High
    or does it even matter?
  2. yes it does matter, and as price moves, and makes new lows and highs, the fibs need to be adjusted.
  3. thanks
    so on the uptrend lo>hi
    on the downtrend hi>lo
  4. newtoet