@Helsyd, note that @demoniaco's vid asserts (that in respect of...

@Helsyd, note that @demoniaco's vid asserts (that in respect of a LONG):

1. draw the Fib Retracement tool from *bottom to top*

2. pin the tool according to where the Price Action has retraced (bounced back down) to the 38% level. That is, don't pin the top of the tool based on the peak price - though admittedly, it does appear that Demon indeed does use the "pin-to-peak" approach at about 10:30 in the vid (when charting BIT). Perhaps you might clarify @demoniaco?

I would add: note that the result should be such that the 38% sits in the TOP half of the tool (when considering retracement of a LONG (upward) share movement)

tagging @Mundo122