The Most Important Post You'll Read This Year

This could be the most important post you read this year. The simplest things in life are usually the most powerful.

Keeping it simple, ABC

This is the most basic chart analysis and takes very little time to do.

In mathematics, the Fibonacci numbers are the numbers in the following integer sequence, called the Fibonacci sequence, and characterized by the fact that every number after the first two is the sum of the two preceding ones.
1 2 3 5 8 13 21 34 55 89 144 233 to infinity

Ex. 144 / 89 = 1.6179 or 1.62

• Trading extensions of A wave - 1.62 2.62 3.62 4.62 times the move of A wave

• Trading retracements - .618 and .382 are common Fibonacci retracemnts

So the world is coming to an end, well NO it's not at least not at this point. However, I wouldn't take any chances.

If we go back to all time new highs then the ABC setup to the downside is done and we use the extensions in the other direction (bullish).

The most recent pattern A B C setup started with:

• A high in January 26th, 2018 ........ starting point
• A low on February 9th, 2018 ........ point A
• A retest that failed October 3rd..... point B
• Point C has yet to be verified, but could potentially be around the 21000 area.

This setup has one kink in it for a collapse, and that's the false breakout. Of course this isn't 100% just like everything else, but still probable and means you should question the end of the world.

The perfect setup is when the retest goes into the .236 and the .382 area. However, it doesn't always have to.

There can be a retest with a failed breakout and the setup still hits your targets to the downside.

The ABC setup works on the bullish side too, just invert the Fibo scales. So that leads me to the most important part in this post.

• If the price doesn't go below the February 9, 2018 low then look for possible all time highs again, as shown in chart 15

The charts below:

• chart 3 is the 2007 bear.
• chart 5 shows you the long standing channel that mysteriously connects with the 1.62 extension.
• chart 6 is the 2000 bear market.
• chart 7 is the 1987 bear market.
• chart 8 is the 1976 bear market with the false breakout.
• chart 9 is the 1973 bear market.
• chart 10 is the 1966 and 1969 bear market.
• chart 11 is the 1962 bear market.
• chart 12 is the 1929 bear market with candle sticks.
• chart 13 is the 1929 bear market with line close.

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All data and information provided is for informational purposes only. Trend Wizard makes no representations as to accuracy, completeness, currentness, suitability, or validity of any information in this post and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. All information is provided on an as-is basis. I document this stuff for personal reasons as a log and share with the community...... only because I'm a nice person.

So in ending........ Use critical thinking and think for yourself.