As the joke goes: 61.8% of people disbelieve in Fibonacci. The other 38.2% use it to make money. 🤣

It's all about emotion. Markets are irrational 90% of the time. TA puts a number to the emotion. Funny-mentals, we don't use those. And none of this RSI, MACD, head and shoulders, doji candle bullshit. 🤮 That's terrible TA.

I'm Elliott/Fib only. The odd market will obey major moving averages, and MA's can be used to solidify a theory. Depends on the personality of the market. Each has their own.

Regardless. The chart is only 1/3 of a trade. Can nail the chart and still blow up the position. Gotta get all 3 parts right.