Wolf
Long

Fibonacci might be telling us something!

FX:SPX500   S&P 500 Index
Bad news, that's what he is telling us.
Please explain... I don't get it. You are doing Fibonacci backwards? Long or Short?
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Wolf koolmus
It's called the Golden Ratio which is related to Fibonacci.

Golden Ratio = 1.618

It can be seen as this:



Some of the greatest mathematical minds of all ages, from Pythagoras and Euclid in ancient Greece, through the medieval Italian mathematician Leonardo of Pisa and the Renaissance astronomer Johannes Kepler, to present-day scientific figures such as Oxford physicist Roger Penrose, have spent endless hours over this simple ratio and its properties. But the fascination with the Golden Ratio is not confined just to mathematicians. Biologists, artists, musicians, historians, architects, psychologists, and even mystics have pondered and debated the basis of its ubiquity and appeal. In fact, it is probably fair to say that the Golden Ratio has inspired thinkers of all disciplines like no other number in the history of mathematics. (Mario Livio)

This can be applied to stock psychology too. Just like any pattern in nature as well.
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Thanks a lot ! I'll check it out to understand further
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