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Re: Help Needed with Placing Fibs
Whatever works for you! In all seriousness. If I can quote Tim Morge from medialine (though he was talking mainly about pitchforks). "Draw Draw and then Draw Some More"
Normal place is between last swing high and swing low the retracement allowing you to guage the retracement of that swing.
On your chart you should draw from the high just before 9.45 to the low bar around 12.45. The current high (just in) should fall at a retracement. The one you drew looks valid but price failed at all levels (notice it did react-at them).
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