Try putting a fib on every "small" wave and look at the extension levels...will forward test this method on a small account and see what happens, stay tuned.
Good that you have discovered this, but I think you will find a great deal has been written on the subject if you want to investigate further. Good luck with your trading.
2Greedy
⋅
Yes but i have not seen many people incorporating it into their trading, I think it has a lot of potential to give good take profit areas.