Setup probability drastically increases when we sell in premium (above 50% of a marked range) and buy in discount (below 50% of a marked range). You are made to believe that 0.38 fib is magical and mesmerising since it repeats everywhere in nature and in human interactions but It's exactly where stop hunts actually occur. We want to engage from a different angle and follow the logic of price action. Institutions engage in a different way. If they want to achieve a higher high or a lower low that's going to happen from a premium or a discount almost all the time. Go see your desired chart and recognise the pattern and you will grasp a very important element of how price action really works