Choosing Fibonacci is not bad at all because you can clearly determine what’s the buy zone and sell zone for the current trend but your trades will highly reliable for a correction since Fibonacci is good on when there’s already change on the trend so you will always for the current trend to end before you can set a position unlike indicator like BB, MACD and RSI which gives you a sign if there will be a big movement that will be happened soon.

Chart pattern by using lines is still the best tool on trading even without indicators.