[quote=pinktrade;8035551]The image below will show you (a random picked example) of what equilibrium is in the market.
My observation in the given uptrend example : First there is a swing high Fib 100%. Then followed by a Fib 61.8 retrace in 6 bars. Then it takes the same number of bars (6) to retrace the last swing back to Fib 50%. After that there is a short period (in this example 4 bars) for consolidation followed by a ranging period before the uptrend resumes.
My observation in the given uptrend example : First there is a swing high Fib 100%. Then followed by a Fib 61.8 retrace in 6 bars. Then it takes the same number of bars (6) to retrace the last swing back to Fib 50%. After that there is a short period (in this example 4 bars) for consolidation followed by a ranging period before the uptrend resumes.