I used to think that Fibonacci's were witchcraft, but using BM I noticed the significant amount of liquidity that appears at the important retracement levels. Clearly there are large traders using the retracement levels.
I am shocked that BM doesn't have a simple retracement tool. It may be one of the few platforms without basic tools.
I have been calculating the retracements manually in an Excel spreadsheet I created. I have been doing well in my trading, but it is tedious to calculate the levels, then draw them on my charts manually.
I enjoy using BM for order flow, but this might be a deal breaker for me.
Please add a simple retracement tool soon!
Fibonacci Retracements/Extensions Tool
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- Joined: Tue Nov 07, 2023 1:33 am
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Re: Fibonacci Retracements/Extensions Tool
I agree. A simple Fibonacci retracement tool that could be drawn onto rotations would be very helpful. Hopefully they are working on it with the MACD tool that is in the pipeline.