Here are a few basic rules when using the Fibonacci retracements with the ONE44 rules and guidelines. This is the short version. A 38.2% level keeps the trend intact and new highs/lows should follow.
The 38.2% retracement is the single most important and is the level we use for the "Golden Rule". This rule being, " any market that is going to keep its current trend must hold 38.2%". As long as it ...
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