DislikedThis is an example for how to use confluence levels:Ignored
Thank you very much for great example! It's a beautiful chart.
Pls allow me to ask one more question. On an attached chart, the major trend fibo levels are almost useless after the price starts going down. In this case, would you use a minor trend fibo levels for both selling and buying as long as you recognize confluences? If so, 4 entry points (2 sells and 2 buys) are valid, you think?
Or do you re-draw the major swing fibo? Let's say the bottom @1.25?
Again thank you very much! It helps me a lot get a much better idea about fibo.