Interestingly enough after this analysis was performed during closed market hours (Sunday evening), the market gapped at the open 30+ pips.
It blew past the target zone for the Wave 2, was this due to closed market activity over the weekend gap trading hours ???
So I decided to keep watching anyhow, and to my amazement the Fib Levels were respected almost to the pip.
Moreover, all the levels had some significance in the Support + Resistance of this 150+ point move, knowing this before the event, was very powerful information indeed.
The only question is now how to put this info into profitable market entries with limited capital exposure.
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