fract

SP500 Primary Interference Pattern

BATS:SPY   SPDR S&P 500 ETF TRUST
Previous version of the structure:

Remake:
  • 2 fib channels produce interference pattern
  • Altered upward B&W Fibs. Same angle, but shrinked 0-1 to smaller wave height to match the domestic probability of reversals. In previous version of work, it was a little spaced out, so I had to apply this important adjustment.

Price action obeys golden rule in some way or the other in relation to historic fluctuations. The very capture of steps in fibs exposes the probability fabric which can't be avoided by the market.

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