DislikedIf I had pulled my fib at "A" rather than where you drew yours at "B", Then I would have had a penetration signal at candle "B" for a long trade. By definition, "A" with 2 candles both left and right with lower lows indicates a peak/swing right?Ignored
I looked at Bobo's chart and it made sense to me, but yeah I guess in retrospect ..I would have done it your way and be signalled long too if I went from low to high.. but..look farther backwards to see where we are at in relation
sooooo I went backkkk in time on the chart and did some fib walking and I would have my 100 level at the 14:00 candle and still be in that cycle so neither of those canldes would be anything more then a break of the 61.8.
again I THINK... what are your thoughts on that?
Sizz