Himadriji
What is the procedure for drawing Fibonacci Retracement Lines? Which Fibonacci retracement % is stronger?
First zoom main window by double clicking mouse. Open Fibonacci Setting and see the settings are as follows :-
0, 23.6, 38.2, 50, 61.8, 100, 127.2, 161.8, 216, 261.8.
For drawing retracement please select total lines 6. Press ok. Select arrow in right corner and select fibonacci lines (third from top). Press left mouse on recent major low and hold it and release it on recent major high. Fibonacci lines will be drawn on the chart. In retracement scale 38.2 & 61.8 have major significance.
Cheers
Himadri