charting question, page-12

Max, Thanks again appreciate it very much still getting the Gist of the finer points in MS thank you once again.
Back Testing is the point you are making...
Atm my Fib set is working well for me but from what you have explained mine maybe a bastard set...lol
Even though they are very close to yours.
On my set I look at my $1.63 open 38.2% that was the sell point imo..lower open than the day before.
Then my $1.35 came up 4 trading days early..lol
Don't like the look of that Candle imo.
Your $1.30 @ 50% or your 61.8 % @ $1.04 may kick in.
But for mine I will be a bastard and go for my S&R Lines @ $1.24 failing that it may trade through to $1.11 but close at $1.24 imo.
A open @ $1.24 ish with a trade up to a $1.30 then down to $1.11 ish will form a Morning Star Candle with big rejection
pps I have extended the Zig Zag Down..just to try and pick my bottom...lol
Or it's back to your 61.8% @ a $1.04 or back to the drawing board imo..lol

Cheers Pete.