But to be fair,,, it can't have a lot of the following:
If it drops below here it will go to here....
If it rises above here it will go to .....
Whether its Fibonacci or EW's or some other cycle, then it should be close enough...
For example ,, this ain't good enough...
Ohh it dropped below the first Fibonacci point so it will stop at the next one...
Ohh it fell through that point so it will go to XX..
I hear this all the time , (especially with Fib's -- shortened to Fibs for good reason) , so your margin of error is allowed to be huge with Fibonacci..
The other one I hear is ,,, ohh its a 1,2,3,4,5 wave... then they point out the waves,,, then the future moves have to be adjusted because they missed the first small wave or misinterpreted a wave..
I can't trade or rely on that...
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