Shown here is a single fib series in 3 different time-frames.
The "Genesis Sequence" (from birth) has the highest gravity fibs.
Each strand can reflect the wave or capture into orbit.
$4488.38 is a "minor" fib ratio in this series.
$4737.93 is a "semi-major" ratio, stronger.
"IF" there is to be a top anywhere near here,
then one of THESE barriers are perfect options.
Expecting a couple orbits around minor,
then sling-shot to semi-major for "a" top?
The "Genesis Sequence" (from birth) has the highest gravity fibs.
Each strand can reflect the wave or capture into orbit.
$4488.38 is a "minor" fib ratio in this series.
$4737.93 is a "semi-major" ratio, stronger.
"IF" there is to be a top anywhere near here,
then one of THESE barriers are perfect options.
Expecting a couple orbits around minor,
then sling-shot to semi-major for "a" top?
Trade active
Here we are: .
$4737.93 EXACTLY
All Humans/Bots/Indi's have noted these reactions.
Thus fibs get STRONGER with time and exposure.
.
So what next?
"Red Pill or Blue Pill" moment here.
Break-n-Retest for a move to $5045.67,
OR Dip-n-Retest for a drop to $4488.38.
.
5k round a tempting target for bulls,
but I suspect a dip first then smash.
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.
Trade closed: target reached
PLUNK! Fibs ain't lies .
Closer look with notes:
Many soft Pings to locate the exact fib location.
Then a LOUD Ping to launch the inverse rocket.
THUS our faith in Golden Ratio: it said $4737.93.
It took us mere humans a few trips to confirm it.
.
What next?
Firstly we need to measure the last wave up:
Loud Ping on the Golden Genesis was the start (Impulse)
The wave started by that impulse has ripples (extensions)
The wave may have ended at its own Golden (1.618 exponent)
.
That local fib helps map the terrain now:
$4737.93-4794.19 is now serious resistance see by all.
$4488.38 is a Genesis fib (minor) that might hold for a bit.
$4238.73 - 4272.89 is of main interest, should be strong.
.
Could that have been "the" top?
I am thinking not, but likely "a" top.
A top as in retrace, consolidate, break.
.
No matter what happens, it will happen at a FIB.
Hit BOOST and FOLLOW to build upon your FAITH.
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.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.