Fibonacci and targets

The gold is a little short to complete the leg of a zig-zag, maybe this week it will come in.
Because it's had all the news and hasn't come down with the rest.
And it should pass the 100 of the monthly pivot.
I showed how in 3 ways you can get around the price of 1609.
The H1 chart shows that the week was very slow, only on Friday coming down from the S38 support level of the weekly pivot.
I believe next week a strong sale.

After a while of analyzing market levels, I came to the conclusion that it is the most consistent method of analysis. Generally speaking, the market moves in 3 levels.
Elliot waves show this in detail, they are 5 moves that generate 3 levels.
The market creators in Steve Mauro's course, show it in a more simplified way and even use the averages to find some levels, and speak well of the market movement.
But the Steve Mauro course that I recommend could improve the level separation analysis.
I see this well defined in the use of fibonacci by Avramis Despotis, who has a very good video about it.
So I'm going to show you an interesting way of thinking by putting some things together.
First I will use the averages of 55 and 13 or 21, to help in the observation of wave 1 and the average of 233 as a reference.
233 helps in the general direction and 13 and 55 the start of the first wave.

So I basically look for the top and bottom at the extreme price, and use the fibonacci retracement to find the 2,618 level. Because in the region of this level that forms the consolidation and then sets a course for the price.
On the left side of the dark blue square, I show the pattern I used, in this H1 chart, the top and bottom that I highlighted with the arrows are part of the yellow square and it goes to 2,618, which is highlighted by a light blue band, which indicates the place of consolidation and beginning of a new initial top and bottom.

I commented yesterday about the price being at the 100 monthly pivot level, maybe it won't say anything to anyone, but I'll show you how I think about the use of the fibonacci pivot through what happened now in usdjpy.
Pivot point is the way to draw the market through a harmonic proportion.
As the pivot is based on the previous one, it keeps a connection. So on a day when the market has moved a lot, the trend is to stay between the levels of 0.382.
And a very used principle is the opposite symmetry, which would be if touching 0.382 on one side of the pivot tends to look for another 0.382 on the opposite side in some cases of course.
0.382 is a very strong level that normally limits consolidation when the price gets stuck near the pivot point.
If you plot a Fibonacci from the pivot to the 0.382 level, you will see that the e100 level corresponds to 2.618, and we know that the 100 level is a sign of a complete and finished thing.
So the 0.764 level is also very important as it coincides with the 200 level, and it is known that the price when looking for a correction point its maximum is 0.764.
So the 100 level is very likely to hold the price, because it will be more proportional to the previous day.
Another little used point is the average level, which is the 50% between levels, the indicator I have I can activate this level, it is also used to hold the price.
It is very common when the price goes too high and will continue to rise to exactly 50% because it is the minimum necessary to avoid inflating the price.
All pivots are connected to each other, I like them all including the daily one with its 50% levels.
An error in the chart was the level of 0.782 was supposed to be 0.764, is that I used a new metatreder.

I used ema 21, 55 and 233.
In this daily chart with monthly pivot, we see the 3 levels, up to 300.
Stopped the move at the pivot the correction to 0.382 and the rally, one more stop at R38 and continue.
Also made a stop at level 200, this is a difficult level, I often prefer to exit and reenter after correction at that level, depending on the timeframe.
It is consolidated between R 100 and R 0,764.
Some 50% levels used and a strong rise when you find ema 21.

The same chart movement as in the previous post, but on H4 with the weekly pivot.
Stopped at R38, went up and did more buy or something and at R100 and continued.
The following week, as it was going very well, he limited himself to the R38 and pivot, he did not do the
symmetry up to S38, but the green dotted level reached 50%.
In the last week he made a symmetry in the R76 with the S76, notice that he has now arrived at the
Last week's S38, it didn't do the symmetry and it went up to 50% before, but now it's back there.

H1 chart with daily pivot, see that the 21 average crossed the 55, there was a big move up to S261 and the 200 level, the probable continuation is up to 261.8 and consolidate there.
As it walked a lot now to compensate, it walked a little and went to the middle of 0.238, I expected
to go to the other side on the M3 to do the symmetry, but it didn't, maybe start the
day going up there, it would be the shadow of the day, because the day usually starts in the opposite direction to which it is going to go, this creates the shadow, and you can see that there are very few candles
without shadow.

This was Thursday and there was this huge movement, see how good it is to get out on the level
100 from the daily pivot.
When he arrived at it, he returned to S38, honestly I would have chosen that point the bottom for this projection, because apparently it would be the last bottom after crossing the 55 average.
But look at how the beginning of the day made the projection exactly at 300, at least the S261 was respected.
Then it went to the 50% of the huge movement.
The TDI went below the MBL at the pivot 100 and went down, made two divergences, and went up again.

To close the analysis of this interesting day, let's go to M1, candle the projection of the consolidation level 261.8 was the closing of the candle, new projection from the 161.8, one more close, so I took the bottom and top of the formed consolidation
and the last candle arrived.
The notable was the 2618 of the first mainsail, the second I already found by testing even to know where the close of the second candle came from and I found the 161.8, watch the 0.764 of the retracement level approaching 2.618, I see a lot of people using a level other than 0.764.
The good thing about using the pivot point is that we sometimes miss the right place to design.

For those who read it before, until the end of the day, I made corrections in the text due to analysis errors and errors in the translation. I use google translator with my knowledge of english and error after a modification.