I see some people who do not turn on the log setting on their trend-based fib extension analyses.
This is with it on.
Is this correct?
I particularly like the .618 is basically hovering around Verge's ATH. I also see interesting fractals (colored ovals).
Comments would be greatly appreciated. Thanks!
Questions for you expert chartistas:
1. Does it appear XVGUSD breathes on a 224 day cycle? The 2018 bear market completing a supercycle of sorts consisting of three 224 day cycles. Interestingly, the same goes for the genesis of XVG on Bittrex up until the end of the bull market.
2. I played with the Fib Time Zones so that there is some kind of correlation...
I had to redo my EW attempt because my original one failed 2 of the 3 Cardinal Rules of EW Theory:
Rule Number #1: Wave 3 can NEVER be the shortest impulse wave
Rule Number #2: Wave 2 can NEVER go beyond the start of Wave 1
Rule Number #3: Wave 4 can NEVER cross in the same price area as Wave 1
I would like to hear your thoughts, comments, suggestions, etc.. and...