Of course the indicators won't be exact. If that was the case then it would be a future teller. But it's an indicator. It gives you a range that very often shows levels of support and resistance. In this example above, the Fibonacci 38.2% was only $1.27 off from the actual Russell 2000 low for the period. This gives you a great entry and your stop loss should have been more than $1 away. More like $3 at least. Then we see it test the 0%, get rejected then return for a break through run. Learn everything you can about technical analysis, but as you can see, Fibonacci is a beast of an indicator. Trade well.
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