DislikedDo you find setups that only retrace to 50% fib, just as successful as the ones that retrace to 61,8 or 76,4 ? Taking into consideration that all other requirements are met (stoch in the right direction, confirmation bar, R:R ratio...)Ignored
Simple answer is yes. All other things being equal, for me a bounce off any of the 3 fib retracement levels is just as good. I do not trade off the 38% retracement as I find this level can be less reliable but that is just through my experience.
Nil desperandum