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Tip: Drawing Fibonacci in reverse gives you the Fibonacci Extensions

macd & rsi, Wed Jul 03, 2019 4:59 pm

Hi guys !

there is another way for drawing fibo extension ,

as you see on chart ,, if we draw it normally , the numbers below 100fibo is FIBO RET. and above 0 is FIBO EXT.

Just add minus0.618 to add list and write in description FIBOEXT 161.8 , OR minus1.618 and then you have 261.8 FIBO EXT .

So we can draw it normally and just change some little things .
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