Robert24

Fib circles applied to NZDUSD. These are found distances

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
58 0 1
Between the polyline increasing curve and the fib circles (which are my ratios not fib ratios). I find them by checking over the chart. Stock charts always have repeating angles, distances, even channel consistency...and if you study my charts on EUR/USD             you will find all those ellipses (which are actually circles) are exactly the same size and aspect (shape).

By the way, the way to use the circles is, there should be 2 major sizes that hit. The smaller double bands and the largest double bands. These are not Fib ratios. These are what I have found works. You have to make the Fib circle the right size for them to work. I test the chart for the largest size and the smallest size. I make them fit. Then from there it's just a matter of redundancy because those sizes will repeat. I make the fib circle as perfect (or as close to) a circle by overlaying the projection tool. Once the fib circles look pretty close then either on Autoscale or no scale I zoom in and out until the fib circles come as close to the perfect projection arc as possible. The arc on the projection tool stays perfect, no matter what the scale.
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