Chương 6 STEP 2 – FIND THE RETRACEMENT POINT C
After you have identified an A to B move and plotted your Fibonacci tool on your charts, you should be able to find point C.
C = the point where the retracement ends and price reverses into the original direction.
As you can see, the screenshot show the typical ABC move of a Fibonacci retracement. Point C is very obvious on all three charts and price bounced off the Fibonacci levels accurately.
