This Concept is part of my ongoing study of Fibonacci Ratios applied to Assets. This Chapter is part of an album to collect examples of true "Golden Ratio" growth. This Chart captures the SPX regression in early 2020 which grew by 1.618x increments.
This Growth pattern is often called "Exponential" or "Parabolic" by many other analysts. This Method "Defines" and "Forecasts" the geometric acceleration acting upon an asset. This Chart plots the growing "Amplitude" and "Wavelength" of swings in either direction.
These levels will be Relevant forever since they are now engrained into minds/algos/indis. These patterns will be Historic as they are establishing new extremes/emotions/equations. These fibs will Illuminate the trader's path ahead by revealing precise edges/entries/exits.
Notice the Prolonging heights of the candles. Notice the Pings (reflections) at each Fib ratio. Notice the Practical map of each turning point.
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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Nota
Moment of Truth
NY started a bounce and Asia has walked it back to the major resistance Now we see if it double tops here.
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Zoom IN (34 min) and adding a fib of the bounce 6.618 (blue) could be an endpoint for the bounce wave. And being close to the Golden fib, this resistance is now reinforced.
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Zoom IN (13 min) for a closer look at the tops thus far 1st rejection was from the Golden Fib (exactly). 2nd rejection was off the blue 6.618 mentioned above.
If those two tops stand as is, they may mark the end of bounce. But this is in Asia session, wont be enough volume to break anything. Even weak resistances will hold if low volume, so we need to weigh that.
All in all I think we might go a little higher over next few days, given the lack of rejection thus far. Tuesday New York session (opens in 11 hrs) will be the key: Dead cat bounce? or Resume Uptrend? =============================================================================================
Zoom IN (3 min) for a closer look at that golden fib Trying to hold. It should hold until NY session Wed. That's a KEY fib, needs to bounce it to the blue fib above at the least.
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