It's Come Down Faster But Still Similar Targets With Fibonacci.

My use of Fibonacci is unorthodox; as I place my 0.618 FIB level on the highest wick in the 3-Day TF where the price action went sideways within a trading range for the longest period. I place another 0.618 FIB on the highest Close of a 3-Day Candle where the price action went sideways within a trading range for the longest period. Sometimes, you have to go to a lower time frame (such as the Daily) in order to see where the price action remained within a trading range going sideways the longest.

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This other 3-Day chart puts an emphasis on the DIAGONAL. We will soon find out which one was respected the most:

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Made one minor adjustment. I should have made sure the FIB with the 0.618 set for the highest wick was more PRECISELY lined up. It is now... This in turn changed the HIGHEST 1.618 FIB Extension Target. Not by much though.

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