Assets have many Impulses in a lifetime, but only one "Genesis Pulse". Genesis as in "birth", programmed with all of the DNA it will ever have. That Impulse determines the "Sequence" of growth spurts and retraces.
The "Golden" fibs (1.618x) mark the Major thresholds of growth. It is as if each buyer convinces on average another 1.618 to buy. Fibonacci discovered the ratio while studying rabbit populations.
The "Golden Ratio" defines the very fabric of the universe. From the bones in your fingers, to the arms of spiral galaxies. And so the "Summ" of all human decisions is also bound by it.
Thus we see precisely defined "Ripples" to the waves. Every asset (and its swarm of owners) trip over them. Even the Fib-Blind are eventually able to "See" them.
Traders can use these levels for Entries, SL's, and TP's. "Pings" (exact ricochets) are the signals to listen for. Keep a fib between you and the price, for safe travel.
I do not use "Fibs" in the "traditional" manner (retracements). I use Fibs to plot "Ripples" (extensions) created by "Impulses". Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts: Chapter 1: Chapter 2: Chapter 3: Chapter 4: Chapter 5: Chapter 6: Chapter 7: