MoneyTec Traders Community Forum - View Single Post - clarification needed on trading with fibs

foamgod · 30-06-2005, 04:19

I am not a fibo expert but I would think you would always do it from left to right. So if it is a downtrend, top to bottom; if it is an uptrend, bottom to top. When you look at retracement, you want to guess if the price will continue in the up/downtrend.

30-06-2005, 04:19	#2
foamgod level 3 Join Date: Mar 2005 Posts: 1,414 Downloads: 3 Uploads: 0 Rep Power: 5	Re: clarification needed on trading with fibs I am not a fibo expert but I would think you would always do it from left to right. So if it is a downtrend, top to bottom; if it is an uptrend, bottom to top. When you look at retracement, you want to guess if the price will continue in the up/downtrend.