I'm a noob and i can barely draw my support and resistance lines correctly. Heard some pros mentioned that Fibs can be a great tool for automatic s/r levels. Looks like ToS platform already have an indicator that can help me draw these levels. https://usethinkscript.com/d/153-hig...or-thinkorswim
Problem now being the accuracy. What do you guys think about using Fib solely as supply and demand levels? Thoughts on trend line as well. Is that more important than straight s/r?
Problem now being the accuracy. What do you guys think about using Fib solely as supply and demand levels? Thoughts on trend line as well. Is that more important than straight s/r?