Retracement and Extension Drawing Tools

Most software packages have Fib retracement and extension drawing tools. These tools allow a user to pick a "swing high" and "swing low" and draw retracement and expansion levels. The Fib levels can be also customized for various Fib Numbers.

Another Fib drawing tool is an extension tool. This tool lets a user pick three different swing points A, B and C and then draw "swing" extensions from C. This is a very valuable tool since it plots fib. levels from the trade level C.

819.00 818.50 818.00 817.50 817.00 816.50 816.00 B15.50 815.00

Fibonacci Clusters

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