@rla4000
As a student forever learning I was hoping you could expand on your idea a little more? I get the impression your analysis is heavily weighted with momentum indicators what with the ema cloud. Being a lagging indicator it wont show a change of character on the higher time frames with any fidelity - have you reviewed at the lower time frames? How come you've selected those Fibonacci levels? I've never found a sufficient explanation for why fib extensions work other than that other traders see and use them, hence making them a self fulfilling prophecy of sorts. I have seen them used with accuracy in more predictable, algorithmic markets.
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