Hey Jezzalenko I have just been using it for more short term where all the recent action kinda starts from , recent swing high to previous swing low and a lot of the time candles do really pause or bounce of the fib lines and in between.
But I guess I still really look at main support and resistance lines as a better guide . Even support resistance lines together with fibs.
And as 618 said you could use them on a longer scale too , though I have not tried much my self but will look into it.
Cheers
Hey Jezzalenko I have just been using it for more short term...
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