Disliked{quote} mysterio, you can measurement the impulse movement with fibo expansion from swing low on the bottom, see the golden ratio from 1.27 & 1618, with multiples value like 2.27, 2.618 etc, now you can see possibility cluster zone with your fibo retracement from the top to the bottom for more valid base bar, supply demand or another S/R --- Hopefully make you more confident nowIgnored
I don't really use it much but I'm a believer
The best I can say for fibs is that it can help you fine tune entries if you already have a buy or sell zone like you say
I don't do harmonics really but as this looks very much like ABCD then a fib pullback is quite likely to me. We have confluence of supply and daily imbalance. ABCD has got me into some amazing trades in the past. I think it was the 7th of May buy above 1.40 made me like 30% in a single trade, which was ABCD projection. Ridiculous. Maybe my finest moment on cable
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