Australian (ASX) Stock Market Forum

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Yes a beautiful "proof" of concept and application to show it "working".



You guys are all stark raving mad! Markets don't move in straight lines and then flat line. They don't perfectly adhere to ratios either. Yes they trend then back fill a bit or a lot. They sometimes move back to old areas after the trends slow. Maybe 1/3 or a half or two thirds but to say they conform to Fibonacci ratios is stretching the available data. In a way only humans can see patterns in randomness.


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