daytrading jan 21 morning, page-95

Timbo, Mitta, TH, whoever else knows fib retraces well..

I'm curious how you guys measure the bottom.
How far back do you take the low value, would you only include the most recent low before the run up, etc?

For example,
AVA had a low of 9.5c 7 months ago.
Arguably, this low has nothing to do with the recent run up.
Would you be measuring the fibs from that low or 12.5 (the more recent (more relevant?) low?

I'd appreciate your thoughts.
Thanks