To apply the Fibonacci ratio, the first step is to measure the length of the price action, or the wave. This is often accomplished by identifying a major high and a major low, or vice versa. Once the high and low are identified, traders then use the Fibonacci retracement tool to measure this wave.
Submitted by Toni H. on Tue, 13 Feb 2018 11:06:03 GMT
Submitted by Toni H. on Fri, 18 Oct 2013 14:45:36 GMT
This is a strategy which involves using a Fibonacci tool, read how to draw Fib lines and to define retracement levels.