This is almost never explained precisely or correctly so I will provide a precise howto that illustrates which end goes at the top and bottom of an uptrend and downtrend so that you draw the fib retracement in the right direction (not backwords) for meaningful technical analysis.
 
     
                
            

 
 		
 
 
 					    
 					    
 					    
 						
 
 
 
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