When finding swing highs and lows for Fibonacci retracements on a 1 hour chart am I better using one at the start of the week. If I used a swing high from the friday and the swing low on the tuesday would this affect how accurate it would be? I have been using them quite alot and I just wanted to know if there are any rough rules regarding what time periods to use. Thank you for your time.
I’ve never paid any attention to which days are which on the chart, just pull them form highs to lows to see where the different levels are.