I get messages from people telling me I’m doing it wrong.
Not a single one of these people has called live entries and exits.
Fibs in general:
It’s hocus pocus where people think the market is supposed to retrace at 38%, 50%, and 62% because those are magic numbers that resonate with universal frequency or some mumbo jumbo like that.
Here’s a case where price didn’t reverse at the retracement levels but buying them still would’ve been profitable: