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Old 02-26-2008, 05:57 PM
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Help Needed with Placing Fibs

Hello

I'm trying to learn something about fibonacci retracement lines, but sometimes I get a bit confused.

Please take a look at my screenshot, fibs and fibs1. Fibs is without any retracement lines and fibs1 is my confusement

I don't get it, how should I draw the fibonacci retracement lines? Or should I even use them in this scenario?
Attached Images
File Type: png fibs.png (27.6 KB, 30 views)
File Type: png fibs1.png (32.0 KB, 41 views)

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