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Thread: The Right Swing?

  1. #1
    Junior Member
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    The Right Swing?

    Hi all

    how to identify the Right swing for Fibonacci Retracement???

    your knowledge will be highly appreciated.

  2. #2
    Wizard
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    Please attached a picture with proper explanation of your question. thanks
    Harmonics Tube - daily trading setups based on harmonic patterns
    Forex Harmonic Trading - Harmonic trading practical tips, tricks and hints
    AMPmonitor - harmonic and price patterns recognition Scanner that I use
    TradingArsenal Quiz project - best edu material regarding the Harmonic Patterns Trading

  3. #3
    bee
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    Swing High is a candlestick with the high of that bar being higher than the high of a certain number of bars before and after it.
    Swing Low is a candlestick with the low of that bar being lower than the low of a certain number of bars before and after it.
    Swing high and swing low bars can be used to calculate trendlines, support and resistance lines, and pivot points, and even Fibonacci levels.
    sometimes i applied the fibo retracement with line chart first, put additional trendline, and the switch to candlestick chart, why am i doing this ? to avoid any price false break resulted from candlestick kage/shadow.

  4. #4
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    Right Swing

    For the valid Fibonacci swing, what will be the value of pips? 50 ? 100? or 350 pips?

    Or

    secret number so that Fibonacci rule applied (Retracement 38 to 79) and extension 1.61%

  5. #5
    bee
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    Quote Originally Posted by Mikejee View Post
    For the valid Fibonacci swing, what will be the value of pips? 50 ? 100? or 350 pips?

    Or

    secret number so that Fibonacci rule applied (Retracement 38 to 79) and extension 1.61%
    stay with fibonacci level, it's not a secret number, it's a golden ratio. have a check google of how fibonacci got this level/number.
    and one more thing, apply fibo retracement level at higher time frame.

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