Fibonacci Retracement: Choose the Right Swing Anchors
Summary
Hollow Point Trading shares a short historical worked example of choosing explicit Fibonacci swing anchors on Sandisk, from 1637.00 to 1643.58. It shows how the 6.58-point range produces a 38.2% retracement at 1641.07 and why anchor selection matters when analyzing chart levels.
https://youtu.be/rW9NFLWzfpc
Fibonacci: choose explicit swing anchors #Shorts #fibonacci
On Sandisk, this completed upswing starts at 1637.00 and ends at 1643.58. Those are the anchors, not random chart points. The range is 6.58. A thirty eight point two percent retracement subtracts that fraction of the range from the high, giving 1641.07. Different anchors create different levels. This is a historical worked example; the completed...
