re: macrae chart a lot of the perceived mystery of fibonacci can be dispelled by TA pundits using the same calculations
and the whole thing self perpetuates from there
In the case of CAZ one is supposed to draw the fibs from the recent bottom to top
as you can see here I have had to fudge the Right hand fibs to a lower low to give you todays 38.2/61.8 retrace support.
This is where Alpha centurian is great on fibs, Im still always learning.
Best I can do atm
Best of luck
John
whoa what happened, page-18
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