ZLD Chart, page-3

Hi @bsher ...those notes regarding "retest" were just left on the chart from a previous trade of the exact same Fib grid as the current set up (62% Fib resistance break)...but yes as you point out a zero setting from there is also a valid though more traditional setting as well (62% Fib support)...I set the grid so as to identify a 62% resistance break rather than a 62% Fib support because Id rather enter in the direction of the trade than to try and pick the exact pivot point of a bottom..this is very hard to do and can sometimes waste a lot of time sitting around while price makes a base.