An idea regarding Fibonacci
I believe the price within the arcs of the fibonacci circle move in waves
With 1.618 being a bearish wave in this case, with a bullish transition to another ring.
There seems to be a clear relationship between 1.618 and .618 its probably simple for someone more knowledgeable in this field which I am still learning.
Explains on chart....
First of all comment if i'm doing something wrong, last thing i want to be doing is spreading misinformation.
Bullish moves should be placed from peak to bottom point. Highlighted in green.
While bearish moves should be places from bottom to peak point. Highlighted in orange.
These can be placed on any bullish / bearish wave, as long as they 'respect' the...