Disliked{quote} My same strategy... Fibs are amazing indeed. Many times I use the 61.8% Fib in a different way in order to foresee what the bottom or top of the move may be. In this particular case, since I expected a bounce to 1830 and I already had the top of the move (1877), I proceeded to place the 61.8% Fib line on 1830 (the expected retrace) and this gave me the bottom of the move (1753) much before it actually happened and it was right on the money. You would be surprised at how often this system works.Ignored
Are you expecting price to reject 1830 and crash as I am expecting?
A 1 pip gain is better than a 1 pip loss.