It feels like using Fibonacci for charting and trading is a very subjective thing. For example, how do you define 0 and 1 at the start?
Support/resistance at least has some objective representation on the chart.
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It feels like using Fibonacci for charting and trading is a very subjective thing. For example, how do you define 0 and 1 at the start?
Support/resistance at least has some objective representation on the chart.