I noticed the above just goofing around, and wanted to put it out there before I forgot about it.
Will update with more thoughts and examples of Fibs once this crash is over :)
Another example of the energy waves on the smallest scales:
The Fibs help Elliott Wave analysis.
wave 3's often reach 2.618 of wave 1
waver 5's often dont go much further, usually to next fib.
Thus I can confident in this microscopic 12345.
Then I try to see how that little price fits into the next bigger piece and so on
LTC does it again: Perect Fib compliance.
There was a smaller move first (red) whose extensions lost power with distance.
There there was a bigger move that is currently defining the landscape
Notice how the smaller red impulse still produced some echoes/lines but weaker with distance
USDJP"Y gapped oven after weekend.
I fib'd the GAP, only the UN-filled part after attempting gap close
Instead of starting at the very top of price, I tried a lower peak.
And suddenly the 1.618 and 2.618 extensions locked in perfectly.
So that is what I will use as my Primary Count.
I wonder if this BTC downturn was predictable?
EURUSD this time, showing the waves of movement pefectly.
This little pebble (5 minute candle with 0.16% movement)
Set off these 618 ripples, and with a sign of bullish momentum gaining.
And now there appears to have been another example on a smaller time frame:
Perhaps this is the type of movement that the ''Gartley"s and 'Bats' and such come from?
Another example of the power of the Golden Ratio
This time on a Medium Time frame cascade.
AUDUSD this time, on 4 hour chart.
Do those lines give any indication of direction?
Of course not. But they are like traffic lights.
IF something is going to happen, it will be LIKELY at one of those lines.
Gold this time. The down move had distinct steps, precisely to each .618 extensions.
Notice the last move, which ricocheted EXACTLY between the two fibs.
Given Trump's jawboning down of the USD, I am now looking for long soon.
Even the AVERAGE price of 225 of Japan's largest stocks (the Nikkei 225 index) is bound by fibs, and EXACTLY!!
absolutely perfect alignment and thus the absolute retrace.
the Trading View is my Nation
the Moderator Tag is my Flag
Would you mind testing my Fibonacci set and see if it works out for you in some manner. I researched diligently how I can get the best hidden Fibonacci ABCD pattern projections/extensions, especially before nearing the target (in contrast with/against your 2nd Fib of Jun 1 2018) I see its late there, so I figured why not share to test its usage concerning Fibo ABCD patterns and other uses for EuroMotif:
0.00 = Gray #808080
0.14 = Red
0.214 = Blue #0000ff
0.236 = Orange
0.382 = Bright Green
0.50 = Bright Green
0.618 = Turquoise #08e8de
0.764 = Aqua
0.786 = Orange
1.00 = Gray #a9a9a9
Extensions within Fib Retracement Set
1.18 = Red
1.27 = Blue #0000ff
1.45 = Orange
1.618 = Aqua
1.786 = Orange
1.876 = Orange
2.00 = Orange
2.333 = Bright Green
2.618 = Red
3.00 = Dark Violet
3.618 = Low opacity: Bright Green
4.382 = Low Opacity: Aqua
Color References: https://www.colorhexa.com/color-names
(BTW/FYI the Colors established are in Spectrum Order for creating a system)
What'd you come up with EuroMotif?
I am in awe every day that this phenomenon happens at all, let alone to such precision.
And it happens in all assets in all time frames....
SAME THING can be done with the ''Fib Extension'' tool. But that tool requires choosing 3 points to initiate, while the FibRetrace tool takes only 2 points.
I guess I use the Fib tool as more of a Tape Measure than anything else ...