fibonacci video to be fibonacci expert
- Thread starter rinku4142
- Start date
Well, What I dont understand is this.
In an uptrend, once the market takes a support at a fib level and moves in the up and then we draw the fibs, it all looks good. We say that this is "fib level" where the market took support.
But in an uptrend when the market is retracing,.....
1. What is the right level to expect support?
2. Can I blindly make a buy once the market hits lets say 38% or 50% or 61.8% retracement?
Cheers
D
In an uptrend, once the market takes a support at a fib level and moves in the up and then we draw the fibs, it all looks good. We say that this is "fib level" where the market took support.
But in an uptrend when the market is retracing,.....
1. What is the right level to expect support?
2. Can I blindly make a buy once the market hits lets say 38% or 50% or 61.8% retracement?
Cheers
D
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