I’ve just released a new drawing tool - Fibonacci Circles. Uses Fibonacci values to create circle drawings on your chart. Here’s an example:
Many thanks, Alex.
Can you point us to a good resource to better understand how to use Fib circles? There are few tutorials out there and I never fully understand how and where to place them.
Basically, the fib circles are very much like the fib retracement. But where fib retracement represents static retracement levels, fib circles represent dynamic retracement levels. So as the period moves, so does the retracement projection.
Here’s a few references I could find.
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