Pretty interesting when you consider this is an indicator that could have been drawn years ago to play out so well, I think it has to do with either its relation o the Fibs everyone has been using or bots programming using this sequence/ Fibonacci sequence.
The primary focus of this was to look at the Lucas Number sequence and it has shown a very high accuracy of results predicting the 2017 bull run almost perfectly; this goes to show this may be a good indicator to predict retracement points or future price targets. The grey lines are halfway points between the Lucas numbers and the respective halfway points between them, which I have found predicted the consolidation of this Q1-Q2 2018 move. The prime and n of prime sequence also show interesting results.
What would be an interesting take on this would be using some sort of indicator to hone potential timings.