Hello,

Another celebrity has attracted my attention to a video clip from Forex Bootcamp:

I believe that professional is using his fibs incorrect but can somebody please tell me if I'm right or is it another way I'm not aware of?

Look at 2:50 to the video. He draws the fibs from the LOW into the HIGH but says the 61 is in the high. What's that possible? Should you fib from low to high to measure a retracement of the swing upwards then surely the 38 is in the very top?

Then he uses the fibs really weirdly - I've never seen anybody using a fib degree to market short when a market is trending upward!

Please - can somebody clarify?!