IOTA - fibonacci fan and retracment lines testing.

So here I'm trying the fibonacci sequences onto the graph of IOTA. I havn't done that much with the fib tools but after some reading I would like to test this Idea of mine.
The red points should be the points to buy. The retracementpoints will be the test whether it will bounce up as a upwards, or a downward trendline.

The elliot inpulse wave hopefully will be the upwards progression if it bounces up from the 61.8 fib line.
Lets see what it does.

**Legal bullcrap**:
This is only my opinion, make of it what you wish.
it's not advice or recommedation to buy or sell anything! Its only meant as a informative or entertainment purposes only.

Comentário:

I had to reopload the idea since it somehow it still showed the older version. I adjusted the fibonacci fan to a lower point in history. nothing much is chages except the position of the fan.

see: