Absolutely, you've highlighted an important aspect. Fib Retracement, being subjective, indeed requires careful interpretation. Utilizing it in a higher time frame for more accuracy is a wise approach.

And you're right, relying on it solely might not be sufficient; incorporating it with other forms of technical analysis provides a more comprehensive view. It's a tool that evolves with understanding and experience. Well said!

I have also participated in the contest, do well to check it out and engage. My post link to the contest.