Hey Mitzel...good to have you around...the zig zag w/retrace is very good but caution is advised if support/resistance is not well defined with other methods such as I use in all my charts..the Quad Tunnel..EMA62 and EMA 400.I find that some of our posters are not using my setup as their set in stone mainstay on their charts but want to..so I will try to do a teaching with screenshots on my setup this weekend as time allows..quite frankly I would not trade at all without them.The zig zag needs confirmation from the aforementioned because it repaints a lot if valid S/R is not at hand.That indie is excellent tho if news has not distorted price action..its fib component works very well in normal liquidity conditions but news releases will/can cause it to repaint the retraces over and over...actually I think that a 50 to 60 period Linear Regression Channel can be more reliable til breakouts occur...even then the LRC readjusts and life goes on with the new levels.You might look into using an LRC instead then decide on your own which you like best for reliability.
News 
Market Data 
Discover 
