Fib by itself is useless
What is a buyer looking for?
Impulse is displacement
Wait for 4 candles, swing high and then wait for price to come back to EQ, this is for all timeframes
Swing high is 3 candles, when the 4th candle trades lower its a confirmation it will trade lower and retrace, Dont count sundays candle
Markets do not spend a lot of time in premium or discount, especially if the narrative supports it The best buys come at EQ or less, discount prices wont stay very long
The low where the impulse starts from, it should not go below that
If the market is bullish, everytime the market creates a low and takes it out its likely a run on stops to go higher. So when we anticipate higher prices and we sweep a low thats a turtle soup
OTE is high probability of seeing bullishness
Market makers will distribute orders above old highs, and thats above any old high, it doesnt have to be the highest or the oldest high
I noticed ICT moves the fib once price came back to EQ and took out the high, thats when he uses the fib on the new leg that took out the old high (bullish)
Consolidation will be at EQ, then it goes to expansion
Price reaches to 10-20 pips above a high to reach for stops, sometimes 30
If it goes lower then OTE and 62 and 79 levels and youre aligned bullish, wait for the turtle soup buy