I will use different color fibs to find strong support or resistance. The larger the trend the higher the color.
If reduced color level holds I will be hoping that confluence of high colours will cause some reversals.
I needed to add more colours:
I will use different color fibs to find strong support or resistance. The larger the trend the higher the color.
If reduced color level holds I will be hoping that confluence of high colours will cause some reversals.
I needed to add more colours:
Just one strong level beneath the weak degree. Very risky but moved into the profit zone.
Nice trade except the stronger levels are a little bit too far from each other
option two with feeble fib level holding: