Anyone on Fibonacci Arc?

[TSPIntel]

It is my understanding it is a charting technique consisting of three curved lines that are drawn for the purpose of anticipating key support and resistance levels, and areas of ranging.

 

[JTH]

I've tried to employ it in the past, but find it to be too inconsistent to warrant use. Individual results may vary.

View attachment 10843

 

[TSPIntel]

MARCON, Thank you for the feedback. I appreciated.

 

[TSPIntel]

MARCON, did you also try the Fibonacci Channels? any feedback on them?

 

[TSPIntel]

If I remember correct from my planet elementary schooling... Fibonacci Serie is formed by the 1 1 2 3 5 8 13 21... so if the hedge fund managers are using this reference also the DOW should be breaking its closing from 12807, 12166, 11782, 11142, 10117.
Are we going to hit 11782 ? If so, 11782 will be touching the 200 EMA... we got one week to get there... Untill the Full Moon and Full Moon Eclipse change and turn our "TIDES"