Where you start and end the fib trace (0-1) is critical
There will be ”obvious” points that mostly work fine.
But often the NON-obvious points fit BETTER.
May 20, 2018
Comment:
The power of Fibs
May 25, 2018
Comment:
Interesting example of fib placement.
Instead of starting at the very top of price, I tried a lower peak.
And suddenly the 1.618 and 2.618 extensions locked in perfectly.
So that is what I will use as my Primary Count.
May 25, 2018
Comment:
.
Interesting development on the original chart above.
Move up overshot the 3.618 due to geopolitical news.
Then rejected, and a new Fib Retrace shows interesting issues.