profits. Imagine that you have a marker instead of a sharp pencil, and with this marker you're drawing S/R levels. As shown above, drawing Fibonacci Extensions is a two-step process. Using a charting software with Fibonacci drawing tools, you can mark these potential target levels easily. New Trading Signal, ongoing Price Action. Shop Cotton Bags, featured Products.
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If you are keen to learn more, pick up a copy of Jeremy du Plessis book on P F charting. For instance, multiply the height of the impulse wave.382. Trailing Stop-Loss Let your profits run. Any trend line should connect at least 2 tops or 2 bottoms. Draw an upwards sloping trend line with two swing lows. Switch your chart to the Line chart.
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