Hello, Please open msg 134164 and copy and paste the formula. It will be easier for you to understand how the external fib retracements (retracements > 1.0) work. The last pivot determines the direction of the retracements. If the last pivot is Resistance then the externals will be calculated and plotted below support. If the last pivot is support then the externals will be plotted above resistance. The formula I have directed you to is automatic - by clicking your mouse in different places on the chart you should quickly see what I have explained.
David K. --- In [email protected], "jaccopax" <jacco...@...> wrote: > > hello all, > > i dont understand.... > when use fibo-retracements from a low to a top 1.618 is above the top. > when i use fibo-rectracements for a bear move 1.618 is als above the > high. > > i can use fib.extensions in both directions. > > does someone know how i can use retracements in both directions. > > thank you, jacco >
