A Fibonacci retracement line is a type of chart annotation that is usually drawn between a price peak and subsequent price valley or price valley and subsequent price peak. Once drawn, a line will be drawn between the peak and valley and horizontal lines at increasing Fibonacci retracement percentages will be drawn back towards the first peak or valley. When future prices approach a Fibonacci retracement percentage, it indicates a place of possible price direction reversal.

To draw a Fibonacci retracement on a chart:

1. Select Fibonacci Retracement Lines from the Drawing menu.
2. Click and hold the mouse button on the left most peak or valley, drag the mouse with the button still depressed to the right most valley or peak, and release the mouse button.

To move an existing Fibonacci retracement:

1. Select a Fibonacci retracement on the chart by clicking on a portion of the Fibonacci retracement.
2. Once the Fibonacci retracement is selected (highlighted with small squares):

• Click and drag, with the mouse button still depressed, a portion of the Fibonacci retracement that does not have a selection box to move the entire Fibonacci retracement.

• Click and drag, with the mouse button still depressed, a selection square on the Fibonacci retracement to reposition only that point of the Fibonacci retracement.

To delete an existing Fibonacci retracement:

1. Select a Fibonacci retracement on the chart by clicking on a portion of the Fibonacci retracement.
2. Once the Fibonacci retracement is selected (highlighted with small squares), press the Delete key or select Delete from the Edit menu.

Troubleshooting:

• When moving or deleting an annotation, you must make sure the mouse cursor has changed to a hand before clicking on the annotation. If the cursor is still an arrow or a cross hair, the selection will not occur.

Note:

• To continue drawing Fibonacci retracement line annotations on the chart without having to reselect the Fibonacci Retracement Lines menu item each time, select Remain in Drawing Mode from the Drawing menu. Once you are done drawing Fibonacci retracement lines, simply select another type of annotation or unselect Remain in Drawing Mode.