- Construction of Fibonacci Levels During Falls in Price
During a fall in price (a bearish trend), Fibonacci levels are created from right to left, that is, from the minimum to the maximum price value.
In this case, as the trend continues you must pay particular attention to the levels 1.236 (123.6%), 1.382 (138.2%), 1.5 (150%), 1.618 (161.8%), 2 (200%), 2.236 (223.6%), and 2.618 (261.8%). These levels are colored yellow by default.
During a downward price movement, these levels become support levels.