Disliked{quote} You're not going to want to hear this, probably think I'm an asshole, but be VERY careful in putting any importance into fibs. Yet another popular "tool" that's worth what you paid for it, which I'm hoping was nothing, hehe. Planetary phases, trendlines, pitchforks, fibs, EW, Gann...only serves to confuse, make people feel smart and in control. Just look at the price on all timeframes and try to understand why it turned where it did. (Look back in history.) Gotta go now guys..Ignored
i like all views...
I think AU when it was approaching 1.10+ was a example....nobody knew when it would stop....extension fibos were being touted as possible points of unknown places it may find a ceiling....Silver was another example when it went parabolic to 50...
My only explanation for P/A is some alogarithim or internal thing in humans that equals x number of pips moved = possible reversal or continuance....again my observation.... I have some numbers I think the market moves, but i wont post them here..... thats my 2 cents about P/A....
your right everything else is just our way of making sense of fx / charts.....tea leaves for sure