HI EVERY BODY , this is a comparison between trend line and Fibonacci expansion on targeting of mid term positions .
first a quick review about each.
the trend line : -
What Does Trendline Mean?
A line that is drawn over pivot highs or under pivot lows to show the prevailing direction of price. Trendlines are a visual representation of support and resistance in any time frame.
in my opinion : trend line on daily frame if you draw it on a a right way can be your target but it`s moving so you must check it daily .
the Fibonacci expansion : -
Fibonacci extensions Is an indicator used to identify the third wave of an Elliot wave and at the same time, identify support and resistances.
in my opinion : it`s levels have a constant prices so it helps in determining the target and let the market moves.
thanks every one ......