I painted the first fib retrace and subtracted about 1% from the 2.618 line and it was 4.444 I subtracted another 1% to start the next fib retrace, then another 1% of of that 2.618. this is how I normally calculate when to pull out and it blew me away that the final number came to the legendary $5.89 number.
Note
these numbers are not time based they are level based for super trends. news cycles and whales etc will make it vary in time.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.