Quick post to highlight some of the key zones of interest. Plotted are confluence zones of two different fib series. Now approaching a strong zone at center of current range.
Expect a reaction at each of zones above or below. The reaction at each zone will give us further clues. The zones can be used for Entries and Stop Losses.
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I do not use "Fibs" in the "traditional" manner (retracements). I use Fibs to plot "Ripples" (extensions) created by "Impulses". Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts: Chapter 1: Chapter 2: Chapter 3: Chapter 4: Chapter 5: Chapter 6: Chapter 7: