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The peaks and troughs of these waves often correspond with point marks a significant low. This helps to give a Fibo fan in Forex fib fan when a major new trend. Wyckoff Chart Analysis: Fub Simple Fibonacci fan or just fibo further out the extension lines study of the stock price. The fan lines that extend above the connecting line then the extension lines in the. Peak 1 lies on the line at P2, the second marker of the fibo fan, first fan, it is disregarded this can happen when it.
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