Fibo stuff is meant to give you a tool to assess how reasonable it is to expect a certain amount of price change.
It is supposed to be used in conjunction with fundamentals to find yourself the best price and takeprofit objective and where trend is likely to break down.
For obvious reasons no system or retracement can work perfectly. It is totally a naive thing novices believe when they expect perfect retracements of each move.
It is supposed to be used in conjunction with fundamentals to find yourself the best price and takeprofit objective and where trend is likely to break down.
For obvious reasons no system or retracement can work perfectly. It is totally a naive thing novices believe when they expect perfect retracements of each move.