How to Draw Fibs #technicalanalysis #shorts

10 Apr 2023 · 1 min
0:39

In this short tutorial, The Art of Crypto explains the practical steps for drawing Fibonacci retracement levels on a price chart. The presenter emphasizes selecting the most extreme swing high and swing low points as the anchors for the fib. He demonstrates drawing a swing from top to bottom for a short‑bias setup and from bottom to top for a long‑bias setup, noting that the direction of the fib line corresponds to the intended trade direction. He also mentions that additional fib lines can be drawn within the same swing context, though this is a secondary point. The overall message is that Fibonacci drawing is straightforward: choose swing extremes and draw the fib in the direction of your trade bias.

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