There were two obvious swings on which to run the Fibonacci price
retracements: the 12781 low to the 13173 high and the 12948 low to the
13173 high (see Figure 6-4). You can see where some of these possible
support levels came in. (Don’t worry if you don’t understand why I chose
those swings just yet. By the time you go through all the examples in
this book, you should have a better idea of how to choose the swings for
this analysis