Ok another embarassing question. When plotting fibonacci levels i am confused.
My understanding when looking at fib retracement levels is you always start at the swing low and then the swing high. For me this means that fib level 100 is always on the bottom of my chart and 0 is at the top of my chart. However some charts i noticed have 0 at the bottom and 100 at the top. This should not matter right?
Where do fib extension levels come in? Are fib's called retracement levels when in an uptrend and extensions when in a down trend?
My understanding when looking at fib retracement levels is you always start at the swing low and then the swing high. For me this means that fib level 100 is always on the bottom of my chart and 0 is at the top of my chart. However some charts i noticed have 0 at the bottom and 100 at the top. This should not matter right?
Where do fib extension levels come in? Are fib's called retracement levels when in an uptrend and extensions when in a down trend?