All levels plotted are from a single fib series, its "Genesis Sequence". 6.853 is 1.618^4 (to the fourth) and obviously this asset's KEY threshold. Even the Fib-BLIND can now SEE this level very clearly for its importance.
.
I do not use "Fibs" in the "traditional" manner (retracements). I use Fibs to plot "Ripples" (extensions) created by "Impulses". Then look for "Confluences" to map the "interference Pattern".
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.