Yes, but that is.ONLY because he was in his later years, and recovering from an illness. He would work.everyday from his front porch (L.A.). He only.documented it as an anomoly. He never.user it to amass a fortune (which is considered normal today)
Were talking the Fibonacci levels right now. You can backtest all you want. Doesn't matter whether the charts finished or not finished...fib levels don't change
Hello padutrader, Are you going to see Al Brooks trade live in Flordia. He will trade live for $3000 cost per person for 1 to 2 days. You can finally meet the Price Action Master and ask him in-person question. https://www.brookstradingcourse.com/workshop/al-brooks-live-trading-workshop-orlando-2024/ I think you and @NoahA and @ironchef and @wxytrader need to attend this because I know yall follow Brooks teaching very closely.
Please. There's a Fibonacci “level” at just about every price point to validate the narrative. After the fact, of course. The very idea of it smacks of predetermination, which is nonsense. Orange Lambos notwithstanding.
I would appreciate a demo. Take any symbol you'd like (I'd prefer BITO as I'm long and added some more today on the break of the downtrend) Please show us where you think or calculate price or price level to be at any time in the future. Lets see how accurate EW protections turn out.
Here is the high in NOV2021. I erased the chart up to today. A common level to expect the extension to reach is 1.618. As you can see, you could forecast the drop to 16k way back then. Where is going now? Using the same extension tool it shows it could extend more. btw you could forecast this back when we hit the lows of 16k. At this point I would start charting and wait for the ABC correction to before looking for entries. Long term projection from ewf. I agree with this outlook that there is another large correction, or double correction before we blast off. Where do we blast off to? (Just eyeballing the timeline) This concurs with the Bitcoin cycle repeat chart. Remember this is all just showing the statistical probabilities of Fibonacci price levels.
What a clairvoyant you are! I just wish you'd have said the same thing 2 years ago. Be that as it may, I'll reference this following chart in the future. Frankly, the scenario doesn't sound that bad (a lot more realistic than the $1M pipe dream cooked up by the Bitcoiner community ). Good luck!
which are so many that market has to hit one or nearly hit one.... FIB is just what it says and here is the meaning fib meaning in english - Search (bing.com)