This is probably a very simple question for majority of people on this forum.
However I will ask anyway.
It's to do with fibonacci retracements, how the heck do yu work out them.
Allow me to give an example, for something that Monarch mentioned today....
High of 1.9671
Low of 1.9613
Fib retrace 61.8% equals 1.9649?
What's the maths exercised about the eventual figure of this above 1.9649, or a different way, what's multiplied or divided into acquire final figure?
Would appreciate your help. Many thanks William