5.3 How to Draw Fibs – Quiz

1. What is the first step in plotting a fibonacci retracement? *

You choose the middle line of the graph

You select a swing high and low point within an up or down move

You draw avertical line in the center

You connect the four corners of the graph

2. 'retracement' means: *

The price is going sideways

The price pulls back ,moving against the prevailing trend

Neither of the above

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