LOOM: 15min Chart- FIB lines all day

This is why I love pulling FIBS from everywhere I can. You can spend all day trying to draw waves, but fibs are accurate and quick. Note the larger brown and black lines- they are Fibs over a longer time frame and usually have more support and/or resistance. You can see every spot the candles got caught were on previously laid FIB lines. In the areas where multiple lines converge together, especially with a larger FIB, you can expect more resistance and support. See how I used this to determine my buy (orange) and sell (pink) lines for a quick 5% profit.