Chapter 5 STEP 1 – FIND AN ‘A TO B’ MOVE
To use the Fibonacci retracements, you have to first identify an ‘A to B’ move where you can use the Fibonacci retracement tool. What do we mean with ‘A to B’?
A = the origin of a new price or trend move. These are usually swing highs and lows, or tops and bottoms.
B = Where the trend move pauses and reverses to make a retracement.
