Dislikedcorrect.
1.& 2. it is just something you can't ignore if market is moving and making new highs/lows out of your weekly candle that you placed your fibs and started watching on 4hr t.f.
people love to cover most recent highs/lows thats pretty much of why I move fib to the new hi/lo points.
3.Yes we do need to move it to the new highs and mark the previous minor s/r levels in case there is p.a or reentry opportunities
btw..all two positions died at b.e from this week..old position is still onIgnored
Thanks