In these weekly charts i have fib's drawn in from

( April 2012 ) to the swing high in ( Feb 2014 )
( Nov 2013 ) to the swing high in ( Feb 2014 ).

Which set of Fib's would be more credible in this scenario ? Perhaps both, none or ...?

I am new to using Fibonacci so id like to know how they are generally drawn. I am seeing patterns and am really catching on but some scenarios I am still unsure how its best done.

Fib is subjective if it looks good to you eat it eh.. use it.

If you want to use fib, you have to do a lot, and I mean a lot of backtesting before you start to understand what fib is. It's like everybody can buy a piano, but it take time to find the melody. Don't trust people there say it's random lines. I think it's about 90 % or more there can't think that way.
If you want to use fib, then never use indicators. Indicators is a static mathematical frekvens on a dynamic market. Fib is dynamic on a dynamic market.
There are many combination.

Step
1: https://www.tradingview.com/x/FHRVqolk/

2: https://www.tradingview.com/x/J6RNQNqa/

3:https://www.tradingview.com/x/YFWufsbI/

Ongoing SP500: https://www.tradingview.com/x/XjG4HgOq/

I don't teach or preach.

mpo7 

In these weekly charts i have fib's drawn in from ( April 2012 ) to the swing high in ( Feb 2014 ) ( Nov 2013 ) to the swing high in ( Feb 2014 ). Which set of Fib's would be more credible in this scenario ? Perhaps both, none or ...? I am new to using Fibonacci so id like to know how they are generally drawn. I am seeing patterns and am really catching on but some scenarios I am still unsure how its best done.

Both are valid and using them together provides more detail but also more complexity. If I had to choose only one, I would choose the left one.

For the "Ongoing SP500" there hit first target.

https://www.tradingview.com/x/VW63CqBu/

@jta3 Good job! You used a Fib measured move didn't you ?


Oh wait ..Never mind regarding the measured move , i noticed you just updated a trade you were in.

Back to the Fibonacci topic i noticed a nice bounce from the 38% retracement to the tick. I wonder what the probability has been over the past year that the es bounces off the 38% measured move target at least 4 points, with only risking a point. From the night sessions swing high and swing low?

138.2 %.

jta3 

For the "Ongoing SP500" there hit first target. https://www.tradingview.com/x/VW63CqBu/

Last target hit.

https://www.tradingview.com/x/L4Dd0rmC/