I mean the 76.4% of the next point or target that the line will be drawn. For example Gbd/usd (1hr chat) is going down Or selling. The 76.4% fib of next point or target to indicate the buy position.
Sorry, but I have the same understanding which I had before. Please look at previous my image. I used the last indicator line to base the Fibonacci levels on. You can see I used the standard Fibonacci retracement tool in MT4. The 76.4 line was then plotted. Is this what you want or not?
Your language is just a little unclear for me. For example, you said "
76.4% of the next point or target". I don't know what you mean by next point. Are you talking about where the next indicator line will be drawn which hasn't been drawn yet? If so, I cannot predict the future so I don't know where that line will be and cannot base a Fibonacci level off of what does not exist yet.