sal wrote: Tue Oct 18, 2022 12:25 am m5 bar @ m1 chart ema rainbow
easy to see the trend direction

Not sure what you are trying to say. The fibo on your chart seems to be without a proper theory : plotting 100 and 0 at wicks or at the body at random, MA's not as I suggested here. I figured out your chart it was eurusd 5M I think, lot's of work but anyway see my chart with my ma's and fibo. Notice the fast/fierce impulse up to 100, decent slowly retrace at least 61.8, often ABC into SD zone (not plotted on this chart).