Hey friend, It's an honour going through your post today.

Doesn't Account for External Factors: Fibonacci retracements don't take into account external factors Such as economic events news releases or fundamental changes in the market.

Please technical analysis too has proven to be good in so many aspects but this Saturday does not work in accordance with external factors like trading news, new investors etc. so therefore continue to be a big downside for the strategy This is because whoever uses this strategy whenever external factors high in play old get wrong signal.

Thanks for sharing wishing you success please engage on my entry.https://steemit.com/hive-108451/@starrchris/steemit-crypto-academy-contest-s14w4-fibonacci-retracements