Fibonacci measurements and creation of the price and time clusters deserve a separate post.
Trading would be too easy if by placing retracement, projection and expansion on the chart we would see them all clustering on 1 PRZ. No. Usually you will get number of clusters, number of potential levels where price will stop and retrace. How to choose the right one? … hm, that is why you have other confirmation techniques.
Note that very often in a books or articles you can see charts with marked PRZ, presenting just couple of lines, all meeting in very tight price level. Keep in mind that all the other lines were removed and chart most often prepared post factum. Picture below presents all measurements while looking for the potential Gartley pattern. The one where price turned was one of the candidates, but not the only one where clusters were visible.
Note also that after sometime working with the method you will discover that some out of 4 measurements types are less reliable than the others. You will also decrease number of Fibonacci ratios you apply. Simplification comes with time.
on this video tutorial, You can see, how to combine different Fibonacci Measurements with trading harmonic patterns. Fibonacci Retracement Levels create a fibo-cluster, which is high-probabilty turning point on the market: