I have been meaning to build out a model for the Scale of 16 -
and I just completed that task
Now ths can offer a look using the higher OR Lower (trend)
just by looking at the angle of the price data
so as a first test here's the EC FX
using the 1 year Hi / Lo as the fixed points
and showing a declining trend
pretty clear to see the targets,
both above and below the last Close.
I donot use the fibs,
but - many do so it's nice to see what they might be looking at.
.