The DOW - US30 - seems to be making an ascending triangle which is a continuation pattern. A pullback to the bottom TL where price could find support, might be fuel for the DOW to breakout of the ascending triangle .
The measured move of the ascending triangle where price breaks out to the upside has a target of 17000
It is not about the patterns but I will read it, though - "typically break out after the 61.8% of the apex" here you are telling me 61.8% of the price of 61.8% of the time wise fibonaci? Breaking of the timing or breaking of the price -
Yes, its using fib time cycles. Many traders only look at fib price levels. When a fib price level is in confluence with a fib time cycle, there can be a reaction at that point, as in a trend change or confirmed continuation of the trend..