The unbelievable Magic of Fibonacci!
After some research, I believe I have found some very important values of the Fibonacci sequence for price trends. I have implemented and tested these in the Fib. extension. The first extension point starts at the extreme low of our cycle and ends only about 1 day and 20 hours later at point 3 (see screenshot below).
If we now look at the precision in the further course of the market, it is hard not to believe in a bigger power. We can virtually make out the whole further course of the most important S/R areas with the first baby steps of our market cycle. In my opinion maybe explainable with fractals.
Feel free to pull this chart and look at the different levels in different charts. Especially with this topic I am extremely looking forward to your feedback!
This knowledge was extracted from the research of Robert G. Sacco (Fibonacci Harmonics - A New Mathematical Model of Synchronicity).
You can find my Extension settings here
Have a great and magical day ;-)
If we now look at the precision in the further course of the market, it is hard not to believe in a bigger power. We can virtually make out the whole further course of the most important S/R areas with the first baby steps of our market cycle. In my opinion maybe explainable with fractals.
Feel free to pull this chart and look at the different levels in different charts. Especially with this topic I am extremely looking forward to your feedback!
This knowledge was extracted from the research of Robert G. Sacco (Fibonacci Harmonics - A New Mathematical Model of Synchronicity).
You can find my Extension settings here
Have a great and magical day ;-)
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