Fibonacci pinball:Once the first two waves (i and ii on the chart) are complete, the sub-waves of the following three waves become relatively easy to prognosticate, as they advance or decline based on Fibonacci extensions that are calculated based on the length of the first two waves.
call this phenomenon, in which we can more reliably predict the sub-waves starting in the 3rd wave, Fibonacci Pinball.
Essentially, like a caroming pinball, price takes off in a classic 3rd wave, zigzagging in five relatively predictable sub-waves. The relative predictability continues into the 4th and 5th waves.
according to fib. pinball price at least reach to 176.4% fib. retracement starting from wave 2 as depicted on the chart
price also reach to 200 or 223% fib. ret. in case of extension
please share your ideas and wait to see what will be reaction to the fib. level
call this phenomenon, in which we can more reliably predict the sub-waves starting in the 3rd wave, Fibonacci Pinball.
Essentially, like a caroming pinball, price takes off in a classic 3rd wave, zigzagging in five relatively predictable sub-waves. The relative predictability continues into the 4th and 5th waves.
according to fib. pinball price at least reach to 176.4% fib. retracement starting from wave 2 as depicted on the chart
price also reach to 200 or 223% fib. ret. in case of extension
please share your ideas and wait to see what will be reaction to the fib. level