MDI middle island resources limited

Hi @samfiodiving I have the same thing with @Bossovic hes...

  1. 16,660 Posts.
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    Hi @samfiodiving  I have the same thing with @Bossovic hes already there by the time I find a trade!
    with the Fib grid I work backwards from the 62% because this resistance area is often the most obvious and accurate...it will have either a long period of horizontal resistance (best) or a a few spikes to the 62% followed by an eventual break and back test of that exact 62%..so I start the grid there (usually after a break and back test)  and then stretch it out until the 0 and 100 find a best fit...most people do it the other way round at what they perceive as the accurate 0 and 100..in order to find the following 62%...I prefer to let the market show me the 62% via a break and back test first and then trade from above there...its the next minor 62% fib break im interested in immediately after the main long term 62% back test confirmation..this minor 62% break has a lot of confidence in it.
 
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Last trade - 16.12pm 20/06/2025 (20 minute delay) ?
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