Construction of Fibonacci Levels During Falls in Price
December 5, 2021
How to Correctly Create Fibonacci Levels
December 5, 2021

Construction of Fibonacci Levels During Price Growth

During price growth (a bullish trend), Fibonacci Levels are created from right to left, that is, from the maximum price value to the minimum.

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 an upward price movement, these levels become resistance levels.

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