BATS:SPY SPDR S&P 500 ETF
This chart contains Fibonacci retracements and to forecast psychological areas of support or resistance. The first is lined up with price action that touches multiples times on the retracement, thus this levels has higher probability of influencing price action in the future. I also utilized the technique of Sierpinski fractal triangle clones to identify possible support and resistances, the large clones are also lined with with the first fibonacci retracements. Here is website that explains further information about Leonardo Fibonacci tools http://www.investopedia.com/video/play/trading-with-the-golden-ratio/ If you zoom out, you can see that the highlighted cyan areas lines up very nicely with fibonacci lines.
Just to be clear, do my crash research topics here need to be: SierpinskiT's, I'm competent with fib ext/rtrce only, but Zeldian Triforce...I gotta admit, during & since college, interplanetary geopolitics and bi-species poli-sci has always been a bit of a black hole with me.... K, sorry, now I can be serious again... tell me, any less than obvious voiding scenarios I need to be aware of? Less than obvious I mean, to an orangutan.... Just how 'granular can this set-up still realistically/statisc. offer useful perspective? I know this is silly questioning in many ways, however, I'm trying to stir the pot a bit here and generate some comment I can start hanging some flesh on. Obviously I needed a platform for my xenophobic jokes as well.