Do you use MT fibo tool or some indi ? Thanks for you analysis and explanations , very helpful .
For the NZDUSD chart , I use the MT4 fibo tool. Just add the addtional % levels you want to see. Draw each day using the high - low.
I am working on an indicator which will draw these automatically and also in historical charts for analysis and back-testing purpose. Still a little 'buggy' right now and I need to clean up some coding.
I thought this would help us to see how price move and to pick some trades when we do not have the usual S3 H1 LO and NYO type of setups.
Real knowledge is to know the extent of one's ignorance- Confucius