ITS REALLY HELP YOU....SEE IF WE HAVE TO FIND LL HOW MUCH MARKET GO LOW...WE TAKE A FIB LEVEL OF PREVIOUS LL TO LH FOR NEW LL...AS WE NOW THAT 61.8% AND 161.8% ARE THE MAJOR LEVEL OF FIB...WHERE MARKET ALWAYS RETRACE ....RIGHT NOW WE SEE MARKET IS IN CHANNEL...SO WE WAIT FOR THE MARKET TO BREAKS ITS LL OR PREVIOUS LH TO FIND UPTREND AND DOWNTREND..IF MARKET BREAKS ITS PREVIOUS LH WE FIND NEW HH...IF MARKET BREAKS ITS CURRENT LL WE FIND NEW LL.JUST A PICTURE I AM MAKING HOW FIB LEVEL WORKS...SEE THE PICTURE TO UNDERSTAND ....