Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 10/18/2005(UTC)
Posts: 43
Location: Slovenia, EU
|
Hello! I´ve read the MS help file, but still don´t understand it, how to draw F.R. [:$] I´ve made a screenshot of ANF chart (weekly prices) and drew this line the way I think is right. Could anyone please verify if I did it correctly? Thanks! Here is the link: http://razor.arnes.si/~ssdmsoke/FR.png
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 3/7/2005(UTC)
Posts: 1,346
|
hey pirex..... that looks fine to me.... there you have started at the top point of interest and dragged the lines down to the lowest point of interest.... so you have the retracement levels for that up wave....
the inverse of that, if the wave had been going down, to fix the fib lines you would start at the lowest point of interest and drag upward to the highest point of interest.....h
|
|
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 10/18/2005(UTC)
Posts: 43
Location: Slovenia, EU
|
Hey, hayseed! Thanks for your reply.
Well, I´ve actually started from the lower to the upper point - but that can´t be seen on the chart. So, thanks again for the explanation.
|
|
|
|
|
|
| Users browsing this topic |
|
Guest (Hidden)
|
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
