Where you start and end the fib trace (0-1) is critical There will be ''obvious'' points that mostly work fine. But often the NON-obvious points fit BETTER.
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The power of Fibs
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Interesting example of fib placement. Instead of starting at the very top of price, I tried a lower peak. And suddenly the 1.618 and 2.618 extensions locked in perfectly. So that is what I will use as my Primary Count.
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. Interesting development on the original chart above. Move up overshot the 3.618 due to geopolitical news. Then rejected, and a new Fib Retrace shows interesting issues.
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