Fibonacci Projections?

C

crgarcia

How you use the Fibonacci Gann projections?
The projections change and projections retrace?

Are the zig-zag lines non predictive? Like the zig-zag indicator which helps clarify past swings but not helps to forecast the future?
 
I use fibs to come up with target projections. If it is an abc correction, the C wave will make it to the 100% level. If it is the start of a new trend the wave three will hit the 161.8 level. I never stay in to find out if their will be a fourth or fifth wave because the fifth wave is too unreliable.
 
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