Hey guys, I'm brand new to the investment world and want to learn as much as possible before jumping into forex.
I'm currently doing the "school" courses at babypips.com and I'm a little confused about Fibonacci retracement because it says that
Swing high = candle with a candle on each side with a lower high
Swing low = candle with a candle on each side with a higher low
But when I watch the video of them charting fibonacci they appear to do it wrong? The page I'm reading can be found here. Did the author of the article make a mistake?
Thanks in advance,
Tyler
I'm currently doing the "school" courses at babypips.com and I'm a little confused about Fibonacci retracement because it says that
Swing high = candle with a candle on each side with a lower high
Swing low = candle with a candle on each side with a higher low
But when I watch the video of them charting fibonacci they appear to do it wrong? The page I'm reading can be found here. Did the author of the article make a mistake?
Thanks in advance,
Tyler