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Calm Before the Storm (Fib 0.854)


The fact that "the waves are (typically) related to each other" is not important unless you understand that the market can be forecast.

Below is the list of important Fibonacci Retracement:

0.382
0.618
0.764
0.854

Q: Why Does the Fibonacci Retracement Work?

A: I Don't Know! :)
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