Gorgeous example of the true structure of a wave. Gold and namesake Golden Ratio in perfect harmony here. This example is so perfect I felt it worthy of materialization.
Notice the very precise turning points, which I call "Pings". Each Ping adds to validity (faith?) of ALL the other lines. It will take a new Impulse to shake Gold free of this rhythm.
4.236 is 1.618 cubed, how perfect of a number is that? 5.236 is the fomo push, late comers jumping on train. 3.236 or 2.236 are the most common retracements.
This is part my ongoing series to collect examples of my Methodology.
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Ordered Chaos
every Wave is born from Impulse, like a Pebble into Water. every Pebble bears its own Ripples, gilded of Ratio Golden. every Ripple behaves as its forerunner, setting the Pulse.
each line Gains its Gravity . each line Tried and Tested. each line Poised to Reflect.
every Asset Class behaves this way. every Time Frame displays its ripples. every Brain Chord rings these rhythms.
He who Understands will be Humble. He who Grasps will observe the Order. He who Ignores will behold only Chaos.
Ordered Chaos
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want to Learn a little More? can you Spend a few Moments? click the Links under Related.
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For Elliott Wave fans, this is a picture perfect 5-wave movement
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lol. Fed rate decision volatility, took a dive first, then sprang up EXACTLY to the original retrace target of the 3.236
To put it another way, it is the dilemma of cause and effect.
I have the dull feeling that the whole TA is about the effects. We look down at the sand.
But in order to understand the causes and make predictions, you have to look forward at the open sea to see the coming waves.
I wonder if this is even possible.
ReallyMe
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It is really fascinating how one can recognize patterns from the past and explain them perfectly with the interaction of waves and their ratios and forces. It's like looking at a pattern in the wet sand at the water's edge and saying, "yeah, it's quite obvious, there was a big wave coming by, washed around by two smaller and one medium-sized wave, that's what left this pattern on the sand"
I just wonder, can one deduce something from this "ability to perfectly disassemble and explain the past" to predict the next pattern on the sand?
EuroMotif
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@ReallyMe, "ability to perfectly disassemble and explain the past" to predict the next pattern on the sand?
^^ Interesting thought process.
Yes, I do believe that by disassembling the past movements, we can have some clue as to the future.
I may not go so far as to say we can "predict" the future, but we can plot upcoming "boundaries" and observe the price action around them.
My concept is very much like Newtonian Physics, and in particular "an object in motion stays in motion until a new force is applied".
Thus, as long as price reacts at each fib line in a series, that series is still valid. If and when price STOPS respecting the lines, THEN we need to look for that new impulse that must have caused the variance....
ReallyMe
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@EuroMotif, Wouldn't it be better if we could anticipate the new impulse that will cause the variance? I wonder whether it is not possible in the case of the financial markets. What data is crucial to look at?
ReallyMe
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Highly interesting! Thanks.
fatpopos
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do you have a channel that teach this kind of advance fibo?
I have published a few Ideas where I collect examples continuously, such as this Idea
That one is "Chapter 5", the first four are linked within. Best to start with ch 1/2 with hundreds of snaps showing the basic concept, while the rest are studies of specific phenomenon.