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Td ameritrade thinkorswim fibonacci 20178/16/2023 ![]() Note: this action will be only applied to the levels, not the trendline. Set this property to "On" to extend the Fibonacci retracements all the way to the left. ![]() Set this property to "No" in order to hide the Fibonacci retracements. Specify begin and end points of the trendline the retracement levels will be calculated automatically. ![]() In order to add the Fibonacci retracements drawing to chart, choose it from the Active Tool menu. In a strong trend, 38% level might serve as a minimum retracement mark while in a weaker trend, the 62% level can be considered a maximum retracement. If the trendline is defined correctly, the 38% and 62% retracement levels are the most important. Being a combination of a trendline with several horizontal levels (distant from each other based on Fibonacci ratios), they are said to be a powerful tool for determination of price objectives. Fibonacci retracements are an important element of Elliott Wave Theory.
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