Quote Originally Posted by ;
Seems to me that if you put a fibo on just one candle you are measuring the move embedded inside that candle...ie the time frame(s) or tick chart that formed that candle. Why not just look at that lower time fram and see how the price moved?
no, it mean to see the retrace on the next candles not inside the current candle, there is idea around what you said which is : measuring for example weekly or daily or H4 one candle and shift to lower time frame like 1H for example then you see a good chances to enter trades. picture attached