This is a continuation of my observations of Fibonacci Extensions. All Assets in all Time Frames display these rhythmic price moves. This Idea is to collect examples of the 9.618, a Move-Murderer.
Here are the frist two such Albums with numerous examples posted as Updates to the Ideas:
The Original: (general examples)
Chapter 2: (more general examples)
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Another perfect ping on the live chart above
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XLM/USDt example, after news about IBM+Banks use was released
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USD/CAD example showing a common spike beyond the 9.618 only to reverse very quickly
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MDA/BTC example of recent price action. 9.618 was approached Thrice and soundly rejected all three times
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XMR/BTC with a great example on longer time frame
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USD/JPY with a Picture Perfect example. Numerous pings to confirm before 9.618, sudden reversal at 9.618, and note the 4.236-4.618 support zone
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ZRX/USD showing the blow-off-top/bull-trap spike just above 9.618 then the COLLAPSE
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ETC/USD with an example of Fomo spike beyond 9.618 but to exactly 10.236 then the immediate COLLAPSE Notice the perfect Pings after the crash
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Though I had posted this yesterday but here is BTC/USD with another perfect example
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Update on oirignal LIve chart at top for KNC/BTC that 9.618 hit came all the way back to the 1.618 - not uncommon but usually the 2.618 holds....
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IOST/BTC with a beautiful example of a 9.618 bottom
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BTC/USD with a big pump that smacked the 9.618
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KNC/BTC follow up to the Live (original) chart at the top, here is what happened since lol, ALWAYS get OUT at a 9.618
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Another gorgeous example by the SPX. IF the stock market has topped, that would have been a prefect spot for it do so.
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LTC/USD with a perfect example of 9.618 peak to 4.618 drop
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LTC/USD with another example, including Overshoot/Bull Trap Interesting this one was the every next wave following the previous 9.618 event just above this one!
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EOS/USD with a perfect example, including a blow off top and the very common band 9 to band 4 retrace
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EUR/USD with an active example (separate Idea)
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SPX recent top in a Live Idea: and end result
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ETH.USD with example of 9.618 overshoot, then the Darth Maul candle to the 6.618 EXACTLY
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GBP/USD with a very strong bounce from 9.618 GBP has been dropping hard due to Brexit uncertainty and new PM threatening a "No-Deal Brexit". But even under such dire circumstances, the 9.618 is just too far and always causes a nice reflection. .
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Gold with a very nice example, and notice how the lines become MORE precise as we move further AWAY in time
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BTC.USD live example, approaching a 9.618 at time of posting:
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AUD/USD snapshot of another perfect example:
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XCU.USD (copper) with a high tf example on 3 day chart that one a Double Top at EXACTLY the 9.618. If one did not sell at that line, then I dont know where else would have been more "toppish".
Also note the initial Bounce at the 4.236, the MOST COMMON retrace (9.618 to 4.618 or 4.236). Now we have the Coronavirus scare, taking down everything to do with China.
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XRP.USD example on 21 min timeframe with a little bull trap and everything.
The Red Ping with a little spike above the 9.618 was the bull trap. Then the immediate collapse and retrace to band 3.
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BNB.BTC Live Chart with a Picture Perfect example
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KNC.USD with a small time frame example That makes KNC a TWO time aware winner! It was the Poster Child for this chapter (original chart above)
This move happened when it was introduced on Coinbase. Now we need to see just how badly the 9.618 hurt this asset.....
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AUD.USD Live chart of a 1 year long journey to arrive at its Fated 9.618 Was that THE bottom? If this asset HAS a bottom, that WAS the perfect spot.
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ETH.USD snapshot of 1min 9.618 wave end
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BTC.USD with a SPECTACULAR example of the 9.618 at work.
Posted this Live idea when it first hit 9.618
and this is what happened almost immediately after
Never, I repeat NEVER, bet against a 9.618!
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UBER another victim of the Murderous 9.618
Daily chart from the Covid bottom Topped EXACTLY at the 9.618 Pings along the way warned of it. Pings on the way down worth watching.
What time frame did you use to locate and place the fib on UBER?
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@RTurner090, Originally plotted on the 5 min, scaled up to hourly for the impulse. Often the fib I started with (at the bottom) is too small of an impulse as it progresses, so I use a golden multiple of that micro fib, to place my macro fib. Thus I may scale up the impulse many times over the life of an asset, to keep the fib multiples manageable, like not having to use 1.618^100 levels.
So it is really a matter of catching the "rhythm".