DislikedYeah, I was trying to keep the explanation clear.
I look for verification of my fibs.
If price is forming obvious flip levels (PPZs) around a particular fib study's levels (like a monthly waves fib), that's when I give it weight in my planning. I try to erase all fib studies that have no clear evidence of influence in my charts.
Verification is important (in ALL line studies). Otherwise you'd freeze up over the multitude of possibilities.Ignored
Economists have forecast 9 out of the last 5 recessions