1. WHAT IS THE FIRST STEP IN PLOTTING A FIBONACCI RETRACEMENT?
You choose the middle line of the graph
You select a swing high and low point within an up or down move
You draw a vertical line in the center
You connect the four corners of the graph
2. 'RETRACEMENT' MEANS:
The price is going side ways
The price pulls back, moving against the prevailing trend
Neither of the above
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