DislikedOk, here's my stab at the exercise. In the first chart, we see where I've drawn my intraday fibs for trading on the 17 of Aug. On the 17th, we see T2 hit to the short side one last time and then the levels hold.
On the second chart, the intraday levels have been redrawn for trading on the 20th. We see the levels hold as support now for a few days before the price finally moves up and eventually hits the target. Since the price never reached a target on the 20th, 21st, or 22nd, I leave those same intraday levels in place until something gets hit. On the 23rd, T1 gets passed and on the 24th, T2 gets hit.
While I'm waiting patiently for the targets to be hit, I can use a swing fib to try and scalp some pips on the ups and down, but that's a different exercise
BruceIgnored
Same thing happens on the higher timeframes just on a much larger scale