Hi Meringo. 50% is not a fib level. Fibonnaci is all hit and...

Hi Meringo. 50% is not a fib level. Fibonnaci is all hit and miss anyway imo as there are so many levels and nobody knows what level price MAY find support at.

@FullMoonFever - I once used to use Ichimoku and other indicators. To be honest I only found Ichimoku useful for identifying trend eg trading above the Kumo...where it provides a great visual. For identifying reversals it is also not the best as it is all based on historical action X periods (20?) back so lags severely.

For reversals, there is nothing like price/spread and volume analysis IMO.Market structure is also key.

Cheers