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Very true, it's all about perception. Deep-rooted in our belief "sys.tem".
I think all of you would agree with me if I said "Uncertainty is the name of the game", but how if i said "Pseudorandomness" is the name of the game ?? .
Indeed. You will find the Boss-Man here has Random Line Theory well nailed to keep us all on our toes. When I think of all the players (energetic, organic and non-organic) that are involved in making a market, then how could it be otherwise, darn it.
Markets are not created by nature. Markets are the result of supply and demand; buyers and sellers. There are enough fib levels so that any turn of the market will line up with one of them. I could propose instead of fibs we use .25, .33, .5, .66. .75 etc. and we will see amazing results in hindsight.
I have seen use in the 50% "fib" (not a fib) as a strength of trend indication. Also - trendlines follow price not the other way around. They are used to indicate changes in stride - not to predict the future.
The result that most polls get when nobody knows the answer, same as the 50% shades of grey eye tests. The brain is a Fibonacci machine. Debate ends here.
