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X_STUDY®

Fibonnacci Tools

X_STUDY provides two Fibonnacci Tools: Retracement and Extension.

 

 

To draw a Fibonacci Retracement, connect a significant low to a significant high; the vertical distance is divided by the Fibonacci ratios

 

To draw a Fibonacci Extension, identify a primary swing; next, identify a significant retracement and extend it to a higher or lower price level