Placement of Fib Circles?

[03sdperk]

I just started using fibonacci circles. If I place the center on a ring low/high, and place the top or bottom on a resistance/support level of my choice, then how do I know how large to the right to draw the circle? First is this correct to use a resistance/support level? Second, instead of trying to decide how far to the right, do I just make the center circle round as oppsed to elliptical?

Any advice would be welcomed. Thanks

[fabrizio]

May I help you?

Point the first Fibo circle at a "relevant point": (A) Pivot, Low/High, Swing or time . Than point the secoond to another point (B)

Than Ajust the inner circle at your discrection. With some practice you will see that Some Circle will act as BOUNDARY or will encompass Prices movements. There you are. Get acquinted wuth it and do not forget to go and read the Marcus papers for a full perfect axplanation HERE

You will have the answer to ALL YOUR QUESTIONS.