Golden fib as in it grows at true parabolic rate of 1.618x at a time.
This crash and the Corona Crash both stopped abruptly at a fib.
If that was not the bottom, we can look to the next fib below.
The Gold fib at $7908 would be a possible target for next leg.
But given how "loud" that Ping was, odds are that was bottom.
Note: If you see blurry numbers on the chart, that is a TV bug.
Click Here for a SnapShot, hopefully will clear numbers/levels.
Markets quite often ask "Give me a ping Vasili ... ONE Ping only please?"
Some Pings are so clean you can almost HEAR them resonate off the chart.
Such a Ping causes the Price Wave to STAGGER as if it received a concussion.
Not all Pings start a reversal, but Most reversals start with a Ping.
Every Ping increases our confidence in the entire set of Ripples.
When the Pings stop, it is time to find the new Impulse at work.
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
Here is the Ping that marked the last bottom EXACTLY:
Lets see if the dump was front-run or more dumping to come ....
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