Fibonacci reversals

I find that the most useful "fibonacci" level is 50%. It's middle ground; a solid key point for basing entries and exits - this is off both the intraday and daily charts. ZANE reversed at 50% off the daily chart (not quite a reversal but a bounce), ABIO finds support intraday at 50% near 4.13. The initial breakout on SOMX retraced to 50%. 50%, while isn't a true fib, represents the mid point. It's the equilibrium between buyers and sellers.

If you're looking for entry - 50% provides both support and resistance, and is a decent level to decide if you should enter a trade, or exit a trade if it breaks it. This works on all time frames, in my experience.