Candlesticks, Fibonacci, and Chart Pattern Trading Tools : a synergistic Strategy to Enhance Profits and Reduce Risk

Draw
speed button with the right mouse button.
Left-click on the trading tool 
PHI-ellipse
of the list. A bullet point
will appear next to the word 
PHI-ellipse.
Click with the left mouse button again on the 
Draw
speed button.
The PHI-ellipse will appear on the chart with a starting point you
marked with the 
P1
speed button and an end point you marked with
the 
P2
speed button.
Most likely the f irst PHI-
ellipse you draw will 
not
surround
the price move
you want to analyze. To
refine your draw, consider
the following options.
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USER MANUAL WINPHI: GETTING STARTED
To make the PHI-ellipse thicker or thinner, click the 
Dir
speed but-
ton. The icon will point either upward or downward. Let us assume
the icon on the 
Dir
button points upward, and you left-click the
Ratio
button. Then, the Fibonacci ratio in the Fibonacci box next to
the 
Ratio
speed button will increase with each click. While the Fi-
bonacci ratio increases, the shape of the PHI-ellipse becomes thin-
ner. If you click the 
Dir
button so that it points downward, and then
click the 
Ratio
speed button, the Fibonacci ratio decreases with each
click. Each time the Fibonacci ratio decreases, the PHI-ellipse be-
comes fatter. If the Fibonacci ratio is 1.000, the PHI-ellipse gets
shaped as a full circle.
To make the PHI-ellipse longer or shorter, move the cursor to the end
point on the very right side of the PHI-ellipse, click with the right
mouse button; and while