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Tip: Drawing Fibonacci in reverse gives you the Fibonacci Extensions

Here is the AG Multi Color Fibs same thing. I added additional lines for my trading. In this case the market is up until it takes out the A. As you work your fibs following the market/trend at some point the market will take out the A to signal the market has changed direction. Until the A is taken ...

Tip: Drawing Fibonacci in reverse gives you the Fibonacci Extensions

This is my first post. I gotten so much from this site over the years and wanted to provide a copy of a Fib indicator that I've been using for years. While the theory some what correct its application makes me want to cry. Basics of fibs surrounds AB = CD. Example: Choose the highest or lowest point...

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