I used my biased Fibonacci channel and fan along with horizontal zones to determine a stock major trend, minor oscillations, as well as entries/exits from trading.
Fibonacci lines are highly subjective. The trader chooses pivots which deem to be significant, yet the market may not view these them as significant and thus may not respect or react as expected to the drawn levels.
Fibonacci lines are highly subjective. The trader chooses pivots which deem to be significant, yet the market may not view these them as significant and thus may not respect or react as expected to the drawn levels.
