Before a run, is where I place the fibonaci retracement,
you extend it whit 3.618
than it comes down to 1.618
than it catapults to 40.618,
than I see a retracement to 12.618
and it consilidates for the next run up, and the same method applies
don't use the 3.168 and the 1.618 as an ultimate highest or lowest measurement, it's on a daily chart and I haven't researched if it wil go up or down first during that day, but ofcourse sell high and buy low.
you extend it whit 3.618
than it comes down to 1.618
than it catapults to 40.618,
than I see a retracement to 12.618
and it consilidates for the next run up, and the same method applies
don't use the 3.168 and the 1.618 as an ultimate highest or lowest measurement, it's on a daily chart and I haven't researched if it wil go up or down first during that day, but ofcourse sell high and buy low.