I’m pretty sure I get what you are doing. Price keeps coming back to your Fib Join Line, essentially predicting its next move.
It’s tough to ignore those fib levels though (you’ve even added 2 new levels on this chart that I did not see on your previous charts). Price is hitting the fib levels very accurately, it’s almost scary!
Then out of curiosity, why not just draw trend lines? Take GBPUSD and look a the 2H view, I see a channel that can be used to predict when price could reverse back to the “join/trend” line. The support line for this channel would have been confirmed Oct. 14th at 3AM (EST), resistance line long before then:
Maybe I’m getting it, maybe I’m not…maybe I’m overthinking it. But one thing is certain, using the join line as a trend line in combination with the fib levels certainly worked well with this one.
I will keep following.