Construction of Fibonacci Levels During a Price Correction
December 5, 2021
Construction of Fibonacci Levels During Price Growth
December 5, 2021

Construction of Fibonacci Levels During Falls in Price

During a fall in price (a bearish trend), Fibonacci levels are created from right to left, that is, from the minimum to the maximum price value.

In this case, as the trend continues you must pay particular attention to the levels 1.236 (123.6%), 1.382 (138.2%), 1.5 (150%), 1.618 (161.8%), 2 (200%), 2.236 (223.6%), and 2.618 (261.8%). These levels are colored yellow by default.

During a downward price movement, these levels become support levels.

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