Uptrend Fibonacci Retracement

I’m going to start my trading journal here with a strategy I called “Uptrend Fibonacci Retracement

After price fell down hard, and then started to go back up. As seen in picture below, point A. to point B.
I then draw a fibonacci retracement (draw from bottom to top) from point B. to point A. to predict future tops as seen in point C. and point E.

I will post updates to find out if this strategy works or not.


Today, price is falling down from point E. It looks like the 5 Elliot waves have been completed.

Now, I need to know how low price will fall down to.

Because price is in a temporary downtrend.
I draw a Fibonacci retracement from Top to Bottom, from point E down to point D. to predict future low price points.