|
PureBytes Links
Trading Reference Links
|
In a message dated 4/8/99 8:13:52 AM Pacific Daylight Time,
brente@xxxxxxxxxxxx writes:
<< I saw nowhere that you mentioned fibonacci extensions for finding price
targets. To miss that is a biggie because many many traders use these and
they are virtually omni-present in trading. A book can be writen about them
but the short story is to measure the previous range and multiply it by
1.618 to find the next extension.>>
*********************************
Brent:
Just use the support and resistance tool. As you draw the previous range, it
displays the next target. You do have to express the target in negative
numbers to get the fib extensions however. Just use -.618 or -1.618 when
formatting the tool and see how you like it.
Lynn
|