DislikedThis chart highlights something I've been wondering about. The black fib was broken through upwards first, and hit the 138%. However, you kept your fib the same and it broke down and hit the bottom 138%. Why didn't you erase the fib when the first upper 138% was hit and that new high was made at the 138%?
Could it be that unless a 138% is broken, you consider the cycle still active?Ignored
It's not that the cycle ended or not, it's whether or not it's still useful. If it doesn't reach it's target or reaches to the pip, I'll leave it on the chart to see if price will react to it. If it does, I'll take a cautious trade - if I can follow the price with another fib.
Robonacci com