But sometimes the circles can reveal some interesting findings too.
Ideally a big ugly retracement spike today. Let's see.
So his pressing the fib circle is extending rations and points like ellipticals...and periods of possible change and levels of resistance. However, his knowledge is, the market will have a "sense" of respect, and then it may not. But he is trying to replicate in short, what WD Gann taught, but this is not it. V83 is a hybrid of WD Gann, Carol Borden, and fib time extensions...as an implied personal view.
it is creative, but hit and miss. I hope it works for him.
365 steps up, 1 solar year. Therefore, 4 corners of the pyramid make a 3D triangle, thus squaring of time, 4 seasons of change, and 4 solstice per year.
Just as a clock has minutes, hours, days...and each time frame can be considered 360 degrees of time...
We can then say, 24 hours = 360 degrees of time: 360/24 = 15 degrees or 1 hour.
Just as the moon takes 29.5 days to return to its original position to the earth, moving eastward every day 13.2 degrees.
The celestial sphere appears to turn 1 degree about every 4 minutes, the Moon crosses our celestial meridian about 13.2 x 4 = 52.8 minutes later each day.
Thus why software exists that plots out the paths and aspects of planets to an helio or geocentric point of view.
The universe is a giant field of relationships, position, and energy in their relative cycles forming time.
Thus why you were seeking to use the fib circle and extensions. You're seeking to relate to things in cycles of motions as planets and moons. The "short cut" method you picked up on, is not what Gann was teaching. Gann was a math nut.
He did more than most because HIS BRAIN WAS TRAINED TO DO IT, not the charts and paper. The charts he made were results of HIS TRAINED SKILLS HE ACQUIRED THRU INTENSE STUDY.
Sine waves, harmonic cycles exist...when the conditions are present. Thus why they won't occur when other relationships are in play, distorting the cycles and timing on smaller time frames. You don't need to know everything...just don't regret you have the time to study harder now...and become great one day, or regret you did not do the difficult work of transformation to maturity in skills. Your heart will remind you, your trade account will tell you: Don't live undisciplined and unskilled. Let brain cells ache by studying to prove what is the good and acceptable will of God. WD Gann understood those words well...and his 1000% a month over 3 months performance by Wyckoff is evidence of how far we can go!
"If we know the cause of the effect, then there can be no doubt about predicting the future event or effect. I have always looked for causes and when once I determine a cause I can always be sure of the effect or future event which I predict."