DislikedThank you for that information. I was not suggesting that they could, only that they provide some "levels" based on recent price action in much the same way that Murrey Math Lines do. Fibonacci Retracements and Expansions are just another tool in the Traders Toolbox. I look forward to seeing you posting some RT trades with your analysis in this Intraday thread RegardsIgnored
Please keep in mind that while I am not much of a EUR/GBP/DAX trader, I rely very much on USD and JPY, and that includes USD/JPY and GBP/JPY, which both serve as excellent proxies to the SPY, DJI, and DAX, and should therefore be able to meet your forecasting needs.
I only place trades in confidence, regardless of whether it is 1 hour, 1 day, or 1 week (and rarely, 1+ months) in the future.
With that said, please understand that I will NOT be in the habit of posting thorough analysis and/or charts to support my conclusions. It's more of a take it or leave it with me. Just an FYI...
Please check out my blog at https://from-zero-to-hero . net