This is how I do a simple geometric Fibonacci projection...
1. Set up the Fibonacci projection 2. Draw an arrow from 0 to 1, clone it 3. Shift the cloned arrow to the bottom of the retracement 4. Mark out the level, usually at 1.618, and time frame is around that spot.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.