The problem with Fibs is that you have 5 levels to choose from. Even if you ignore everything below the 50% level, you still have 3 levels to choose from. Which level do you pick? Do I consider wicks when pulling a fib or only the candle bodies? Also, I can just as well eyeball the levels and marry it with an S/R level to find confluence. I don’t need to actually pull a Fib for that. It lacks precision and it’s too wishy-washy for my use.
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I use 38.2 mainly but yes all 3 main levels just as guides really.
I used to test out the fib too. It’s nice to use for confirmation, but I figured out later that I don’t really need it. But, the .382, .05, and 0.618 (golden ratio) are the most important levels to focus on