In order to find Fibonacci Retracement Levels, you have to find the recent significant Swing Highs and Swings Lows.
For downtrends, find the Swing High and drag the cursor to the most recent Swing Low.
For downtrends, find the Swing High and drag the cursor to the most recent Swing Low.
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Related publications
Disclaimer
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.