It is what I call the "Genesis" fib as in the DNA it was born with and must follow.
It is also a "Golden" fib, as in the growth rate keeps 1.618x on a continuous basis.
Even on very high timeframe, we see many "Pings" (exact reflections) at each turn.
On smaller timeframes there are many more such turning points at the precise levels.
I have posted this fib several times through the years, and continues to guide my trades.
Recent Plots of this bounce:
Covid-19 Crash : $3850 Bottom Taggged <= Fib nailed it.
Bounce Update: $6950 top Plotted
Bounce Update: $5900 launch caught
Bounce Update: $6800 launch caught
Last Retrace: $8106 Bottom Call
Last Targets: $10.9k and 11.5k <= Must See
My older charts catching every key turn and giving early warnings:
Mar 06, 2020: 9.2k Top Call
Feb 13, 2020: 10.5k Top call
Feb 10, 2020: 9.7k Bounce <= mapped within $10
Feb 08, 2020: 10k Targetted
Jan 17, 2020: 9k barrier Foretold <= Warning in Time
Jan 07, 2020: 8475 Top Call <= Mapped within $5
Jan 01 , 2020: Sub 7k Foreseen
Dec 29, 2019: Big Picture Fibs <= the 3 Fibs of Life
Jun 02, 2019: 14k target call <=Perfect TP
May 12, 2019: 10k target call
Dec 03, 2018: 3.1k bottom call <=EXACT 2018 bottom
My "Book" detailing my Methodology with Numerous Examples:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: one Ping only
Just got a little pump to challenge local highs
Last push started with a Ping, always a good sign "Not all Pings start a reversal, but Most reversals start with a Ping"
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