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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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ajtj99
To: Sun Tzu who wrote (41522)11/1/2021 4:54:49 PM
From: Sun Tzu1 Recommendation   of 97332
 
I left out the 15 minute chart, so here it is.

You can see how NQ either zooms through the fib or lingers there. This is not random and is based on its momentum at the time.

Also, I am not running a course on this, but many of the longer/wider consolidations near the fib are actually residual waves from the previous fibs. For example the cluster at the bottom near the 100% fib is bounded by the previous 1.618 fib and 1.50% fib of a previous set. As I said in my other post, you can extend the previous fibs to have new markers. But if you go overboard with this, then you run the risk of making your screen too confusing. It is best to stay with just one major set or one major set + either a minor set or an extension of the previous set.

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