Bo's comment:
The fib you are drawing back from the 31st is encompassing previous highs and to continue the pattern with that fib the way you are pulling it , would be at point 4, just before the high your referring to as the target and after that high it becomes point 5.Nothing wrong with it your just looking at as a single swing from the 1 hour timeframe but the more you encompass with it the higher a timeframe you placing the fib into.Place the fib just like it is here on the 1 hour and switch your chart to the Daily without changing anything.
Makes mucho sense.
Thanks again for your thread too.
Looking forward to the workshop.
The fib you are drawing back from the 31st is encompassing previous highs and to continue the pattern with that fib the way you are pulling it , would be at point 4, just before the high your referring to as the target and after that high it becomes point 5.Nothing wrong with it your just looking at as a single swing from the 1 hour timeframe but the more you encompass with it the higher a timeframe you placing the fib into.Place the fib just like it is here on the 1 hour and switch your chart to the Daily without changing anything.
Makes mucho sense.
Thanks again for your thread too.
Looking forward to the workshop.