Using Weekly Fibs solely as S/R?

I'm a noob and i can barely draw my support and resistance lines correctly. Heard some pros mentioned that Fibs can be a great tool for automatic s/r levels. Looks like ToS platform already have an indicator that can help me draw these levels. https://usethinkscript.com/d/153-hig...or-thinkorswim

Problem now being the accuracy. What do you guys think about using Fib solely as supply and demand levels? Thoughts on trend line as well. Is that more important than straight s/r?

Those lines are just lines in the sand. Forget such things if you want to make any money in the long run... What you need is alot of chart time and understanding of how a market works.

It seems to me that this is one of the most powerful and relevant indicators to date, because it allows you to analyze the asset by levels and at the same time clearly indicates the trendiness, if you are interested in longer-term positions.
Only here it is necessary to learn how to correctly place it on the chart, because traders often have it at their disposal, because they apparently believe that it will work under all circumstances. In fact, it is very important to place it from the highest price level since the previous day in order to see all the necessary levels as accurately as possible and to get a complete work plan for a certain asset in the next day.
You can find a lot of competent instructions on this subject on the Internet.