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I dont know, i will find out how accurate these shapes work when combined with other important lines, such as pivots.
Taking it too seriously? this is pretty simple application of simple fibs and simple concept of confluence. Making it a tradeable system will be serious work.
I would say this price level is an extremely important turning point for the euro. See possibility i have outlined with daily chart below?
The lines drawn are merely defining zones that could be important. I think confluence is a tradable idea. the lines after the fact were, what i guess, were used to pin down harmonic theory. Only doing this in real time will prove it is beneficial to me.
