TradingView
Bixley
Jul 7, 2021 12:30 PM

Sticky Circles 

Dow Jones FXCM Dollar IndexFXCM

Description

An example of Fib circles exhibiting their "stickiness"
Price prefers to trend along the circle, rather than break out. Although this breakout will come, it finds it 'easier'
I'm not sure of the mathematical relationship that allows this, but it is common and I have seen it among many of charts published and during personal time
If anyone has insight please enlighten me

Two examples here the USDOLLAR and ZRXUSD
Comments
ForexTrendline
Well done, nice work! Thank you!
Bixley
More