Is following fibo interesting able to track the macro wave, sir?
@ Indra chrisna:
Perhaps you mean macro waves in Elliott Wave theory.
If you mean Elliott waves, then Elliott Wave theory is indeed based on Fibonacci retracement and expansion.
So whether macro or micro waves, it is always based on Fibo retracement and expansion. And Fibonacci theory applies to all time frames.
For more details, please read: 3 Key Things in Trading With Elliott Waves
It explains the relationship between Fibonacci theory and Elliott wave movements.