Time and Price at the 78.6
Looking at the es and time with fibonacci on a x axis, price seems to have a reaction at the 27.2 - 61.8 - 78.6 fib ratios. Using the October 2014 low to May 2015 high as anchors for the x axis, from observation the 27.2 - 61.8- 78.6 have made alternating highs and lows. From October 2014 to May 2015 the 27.2 was a low, 61.8 a high and the 78.6 a low. From the May high to date, the 1.272 was a high, 1.618 was a low with the 1.786 pointing to November 3rd for a possible area where price and time could have a reaction looking left of the chart. Also the time x axis 78.6 and price y axis 78.6 meeting on november 3rd could produce a reaction for price. Price and time meeting to create a reversal.
I will use a stop to show me I am wrong and not a max pain stop. This could all be bs, I don´t know.
I will use a stop to show me I am wrong and not a max pain stop. This could all be bs, I don´t know.
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