$AU guaranteed going up
Still tracking an idea that the fib retracement tool with an angle can be placed in a certain way on charts that reveal a pattern that repeats itself over and over and over moving from fib to fib with volume only affecting the speed or time it takes and the amount of retracements or lack thereof. Have started For the first time trying to implement it into trading going back to the old option plays from when I traded before using other various methods of analysis and realizing a derivative of price when exact price pivot points and unforeseen pivot points is the advantage of knowing or tracking this pattern has not only been interesting but flames the conspiracy torch more in terms of watching how price of options changes tracking the pattern. For example I can tell you for a fact that AU will touch the second fifth guaranteed touch the pink above 1.618 and to get close on timing but that's where the options take away from this fairly amazing discovery. The conspiracy though is that I've noticed the Delta of options will freeze in the final move let's say from the 1618 to the two fib when catching that move which almost always reverses when touching the two forming the top of a new pattern in a tile MC escher sort of way It's as if your call price will freeze in expectation of this reversal and not give you credit for the move making a sale order that triggers based on price of the asset not the derivative huge. No wonder options can be so frustrating. Anyways I'm not suggesting how to trade this at all but I can guarantee you without giving investing advice at all just in terms of technical talk that this will touch the 1.618 and the two fib. The only way I'm wrong is if I have the angle wrong and I will know immediately it open today if for some reason this didn't re-break the one like it looks like it did. Like I said the pattern is fractal and most accurate on lower time frames but too fast to trade without a serious setup where you can hit a button and hit a button basically or if you had one guy tracking the pattern telling the other guy what to do or the reversal points. When you have the fib properly late it's pinpoint accuracy not teaser wicks above or below the line And it's so programmed it will literally sit on the fib and bubble the opposite direction It ends up going like I wish I could somehow sell how interesting this is to some of these experts in fractals and fibs and creating indicators but never thought about selling it only proving it so It's yet to peak anyone's interest. Some of my latest long-term overlays on assets are very hard to believe even having Tesla above 300 back when it was 240 something so much so that I got out of my debit spread taking profits so maybe trades like debit spreads and butterflies are the way to go if pinpoint support and resistance is the key. Any ideas of a type of option trade I should consider would be appreciated.
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