I’m reading Isaacson’s biography of Leonardo da Vinci right now and while it alludes to da Vinci incorporating the golden ratio into his artwork, it doesn’t mention anything about him being influenced by Leonardo Fibonacci. The internet hasn’t helped much either. Do any of you know about this?

Fibonacci is it. Isaac and Blaise go run away and hide.

In the distance, they hear Fibonacci counting

>"55, 34, 21, 13, 8, 5, 3, 2, 1, 1... ready or not, here I come!"

He looks behind curtains, under desks and finally outside standing right in the centre of the gravel he sees Isaac Newton playing with a big stick.

>"Found you!"

Without missing a beat, Newton uses the stick to draw a 1 metre by 1 metre square around his feet.

>"No you haven't, you've found pascal!"

^(Heard this knee-slapper from my my thermodynamics lecturer, and it got about two giggles. Shout-out to /r/thermodynamics.)

I'm doing an independent study on the Fibonaci Sequence and I wanted to see if anyone here had any interesting facts to discuss about Leonardo or the sequence!

The Thesis

>"It's good to be a bull during a bull market, but nothing compares to being a bear during a bear market" — Warren Buffett

Greetings, honorable WSB citizens. I've been playing with SPY and indexes recently, and it led me to formulate an interesting outlook on the current state of the market. I am really curious about what noble WSB gentlemen have to say on all these findings, so feel welcomed to engage in the discussion upon reading the post.

Compulsory, this is not a financial advice, and I am not an advisor - more than that, I am almost confident that I don't even know what I'm doing.

P.S. Commenting "Stonks only go up" as a counter-thesis is perma 🌈🐃

I. The Abstract

The main purpose of this work is to provide a technical counter-thesis to the current market craze, and to spark a constructive discussion. As it was mentioned in the post title, the tools that were used for creating this TA on SPY include: market cycles analysis, for setting a suitable framework; Elliot waves theory as a method of ordering major market movements; Fibonacci retracement for identifying the key, magnetic support and resistance levels; and a sweet 150 moving average to predict the potential bottom of the bear market. These tools will also be given a deeper explanation in the beginning of the discussion, for a bigger circle of WSB participants to wrap their brains around the technical factors at play. If you consider yourself to be a trader with sufficient technical knowledge and skills, feel free to skip the part II. The third part will be focused on the technical data accumulation, based on the historical examples from different time periods, and for different markets types. Part IV is the juiciest, as it incorporates the thesis formation through the application of all the data accumulated in the process of the analysis. V is a bonus part. Without further ado, let's get started.

II. The Technical Core

1. Market Cycles

[S&P 500 example is used to illustrate market cycles: orange rectangle highlights accumulation phase, blue - mark-up, turquoise - distribution, and red stands for the mark-down](https://preview.redd.it/8hqda630diu61.jpg?width=2388&format=pjpg&auto=webp&s=d0c94fecc97785e480b47ef1a6a3644

<< Part 1

In 1202 a book is written called Liber Abaci by an Italian mathematician named Leonardo of Pisa, posthumously known as Fibonacci. Part of the book is dedicated to estimating the growth of rabbit populations. In the book, the young mathematician uses what is now known as the Fibonacci sequence.

Originally this sequence was from the Indian Sanskrit prosody. This sequence is a series of numbers where a number is the addition of the last two numbers, starting with 0, and 1

The sequence is seen throughout nature—for example in the number of petals of flowers; many flowers have three petals (like lilies and irises), or five (parnassia, rose hips), eight (cosmea), thirteen (some daisies), twenty-one (chicory), thirty-four, fifty-five or eighty-nine, and so on.

7,778,742,049 is the 49th number in the Fibonacci sequence.

It didn’t take long for the Fibonacci sequence to be connected to our population. Some believe this is a confirmation of god’s work at hand. A divine presence. Some believe that it is proof that we are only part of a simulation. That reality is only a combination of 0's and 1's.

But whatever it is, like the flowers, our petals have reached their maximum limit.

By the end of the day, Carl has informed me that the number of reported pregnancies is 18 million worldwide. Needless to say, it is a busy day for us at the WCO. My wife, Rachael, is trying to contact me, but I am too busy to read, let alone answer, her messages.

When I finally get home, she hands me a glass of wine and I sit down and tell her the astonishing news about what is happening in the world. She listens thoughtfully as I regurgitate all of the different theories that abound within our organization and without.

At the end she simply says, “Jack, I’m pregnant.”

---

After I finished my doctorate degree, I began work as a professor. Rachael was a young PhD student in those days, and we fell in love immediately and married soon after that. Rachael has had four miscarriages. The first was just a few years after we got married.

Miscarriages are common nowadays, as you might suspect, with the population being at a hard natural cap. The last of our miscarriages happened almost ten years ago, and we’ve since given up hope of having children.

By the end of the month, the number of pregnancies for this one single day have reached 25 million and 360 thousand, give or take. Th

Friends, Traders, Apes lend me your gorilla ears. As requested by fellow Apes I am here to discuss technical analysis as related to our beloved AMC.

While many of you may be skeptical of TA (technical analysis), I encourage you to see / read this post through. This Ape was formerly a chartist for several of the worlds largest Futures, Forex, and CFD providers. If you have never analyzed a chart your in luck. My objective today is to add a wrinkle to this smoothed brained legion. Due to time constraints this post is not intended to be all inclusive. However, if this post is well received, I may be willing to do a live stream event or post further analysis in the future.

First off, Apes need to understand what TA is. TA is the graphic study of price action relative to a specified time scale. At the end of the day, my job is to see where Apes are selling and accumulating bananas and then weight the probability of these patterns repeating at certain locations. These areas may influence future patterns of supply and demand allowing traders to then accumulate more bananas.

Before I continue, I need to mention any information disclosed here within is my own opinion and should be considered educational in nature. This is not financial advice, and all Apes should do their own DD prior to placing any trades. Apes can possibly lose bananas when trading! Also be aware, that while I love the stock, I will be posting both bullish and bearish perspectives. Any objective analyst / trader should be ale to tell both tales of the ticker tape.

Let’s dig in!

First, lets take a wide lens look at AMC. As many posts have noted, “when in doubt zoom out”. When using multi-time frame analysis this Ape concurs. Use a bigger chart first. Below you will find a 1Month chart for AMC. Our job on this graph is to find a range of prices holding up the security (support) and holding down the security (resistance). Then we need to identify the general direction of the chart.

AMC with Monthly Swings

The chart above shows AMC trending lower. Apes, this means going back to 2017 the price of AMC bananas have been getting cheaper. We can quantify this because the market swings (pivots or turns) are getting lower. The key levels to note are the 1.91 low and the 21.45 high. Apes should notice that the January spike ended at a historic distribution point

Attention crayon eating gamblers, buckle up because its lunch time!!

I myself am a Crayola Connoisseur and hoping to bring the next digestible source of confirmation bias for everyone aboard the GME rocket.

I’m going to start this off with a very legitimate disclaimer because I most likely have no idea what the fuck I’m talking about, but I’ll leave that for you to decide. Not advice, just my own idea.

Credibility:

Been trading since the pandemic, got into options in December and been in GME since Jan 12th. Safe to say, I know jack shit about doing fancy math stuff. My business degree focuses on marketing. And in fact, I ended up dropping my additional finance concentration to throw on an extra psychology major.

This is my first actual DD

EDIT 0: [Edit's moved to bottom for fluidity of post]

Let's begin..

The beautiful thing about the stock market is that there are a multitude of techniques used to predict price changes and market shifts. While at this time the shorts have been doing basically whatever they want; so most of these techniques are being ruled out.

So where does that leave us? What info can we rely on?

Two sources the shorts can’t pay off to spread fake news..

Father Time and Mother Nature baby!!!!

Let me explain.

We’ve all seen some pretty wild theories on what will happen, anything from astrology to DFV’s tweet decryptions. So let me add another one to tickle that smooth brain of yours.

Ever hear of the Golden Ratio?

It all boils down to the homie Leonardo Fibonacci and the Golden Ratio.

Quick debrief: The golden ratio was discovered by some dude. Our boy Fibonacci discovered the pattern of numbers converging onto this ratio. This pattern starts from 0 or 1. The next number in the pattern is found by adding the 2 previous numbers before it.

0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144…

You get it.

The reason it is so important and why it’s called the golden ratio is because it is found in almost all aspects of the universe. Yes the universe. You can see this ratio form in the spiral of a galaxy or a snail shell. Even the human fuckin face has it. Basically this ratio is bigger than our understanding.

So what did I do? I tried to understand it. More specifically understand how it affects the stock market. And even more specifically, understand how it’s affecting our GME rocket ship.

Hello Fibonacci traders, I’m new to this and probably stepping on your expertise but feel free to add on and correct me as I try

Taking a peek into GME's week ahead

Goooooood Morning, Apes & Apettes ! !

It was a beautiful, clear, blue-skied, sunny day here in SoCal yesterday. I had a wonderfully relaxing stroll on the beach with my Vizslas, and am now ready to buckle-down for another week of hedgie fookery.

State of GME 2021.04.16

Here's the current state of play on our beloved stonk for the day and week ending Friday 04/16 (aka DFV day ... he exercised everything):

Note: I disregard after-hours open as this is merely an extension of the trading day.

NYSE:GME, Y-T-D,1d (https://www.tradingview.com/x/safIEwJ4/)

Ape like crayon 🖍? Okay, monkey, let's make that look pretty. Colors you get.

NYSE:GME, 3M,1h (https://www.tradingview.com/x/sNtXMFkX/)

Technical Analysis

Basic Primers

Elliott Waves

As you can see, I am an Elliotticians (one who subscribes to Elliott Wave Theory.) EWT was brought to us by R.N. Elliott in a book titled The Wave Principle in 1938. In it, he concluded that movement of stocks could be predicted by observing and identifying a repetitive pattern of waves - motive waves and corrective waves.

Motive waves, aka impulses, move price in the direction of the trend.In bull markets, the impulse is a longs friend; in a bear it's the shorts friend.

Corrective waves retrace or pull-back price action.Everything that can be said about a motive wave applies to a corrective, just reverse it.

Cycle structures form in 3 & 5 wave patterns with a full cycle being 8 waves. There's more but, apes are free swingers and we'll leave it there. You can dive that rabbithole to start learning more here: Elliott Wave Principle

Fibonacci

Leonardo Fibonacci da Pisa was a 13th century mathematician who reasoned out what is now called the Fibonacci sequ

Requested by u/cheli699

So here's some $TX analysis -- do your own research, all my market assumptions are that we are in a general steel bull cycle -- we are r/Vitards after all. I just do the technical analysis. Let's get started

Fibonacci RetracementLeonardo of Pisa AKA Fibonacci noticed that a pattern occurs in nature and eventually it got named after him.

That same pattern is also present in the market and it's one of my favourite tools.

What we see below is a Fib Retracement from the previous swing low to most recent swing high

Using Fibonacci's observations the computer does it's magic and we can observe the patterns Fibonacci told us of.

So what does this mean?

Whenever we see a high after a low we're bound to dip -- profit taking, bears, etc.

Fibonacci allows us to take accurate guesses as to where that dip will reverse

Currently on $TX I see 2 viable reversal points -- see image below with arrows

- $37.25 (0.236)

- $35.18 (0.382)

- Usually dips happen up to the 0.5 Fib retracement, but taking other indicators into account I don't see a high % of that happening yet

Daily Time Frame

**What about this image?**This one just proves my point about Fibonacci

This is $TX on a daily time frame between Oct 29 -- Feb 17 with a

Swing low $18.47

Swing high $34

See image below --- We reversed at exactly the 0.5 Fib Zone ($26.32)

I told you the guy is from Pisa -- they know how to work with things that lean to one side

Daily

Ok if the 2nd picture showed a reversal at 0.5 why are you saying a reversal at 0.5 now is not likely?

So if we zoom in to the 1H time frame

Swing low - March 26 - $34.42

Swing high - April 5 - $40.50

We can see in the image below that we touched the 0.382 ($38.18) and started bouncing back

The reversal is not confirmed at this point and we might still see the 0.5 ($37.46) being tested

But if we look at the Green Circle at the bottom of this image below

We can see the red bars turn into light red signalling an entry point

Also the MACD lines look overdue for a trajectory reversal

[1H](https://preview.redd.it/oof2u2f0c6s61.png?width=1482&format=png&au

The funeral director was asking us what we think Mum should wear in her casket.

Mum always loved to wear sarongs (fabric wraps that go around the torso and drape downward a bit like a long skirt would), so my uncle suggested that she wear a sarong in there.

The funeral director looked a bit confused, as did some of our family members, to which my uncle added:

"What's sarong with that?"

I started laughing like an idiot. He was proud of it too. The funeral director was rather shocked. We assured her, and our more proper relatives, that Mum would've absolutely loved the joke (which is very true).

His delivery was perfect. I'll never forget the risk he took. We sometimes recall the moment as a way help cushion the blows of the grieving process.

--Edit-- I appreciate the condolences. I'm doing well and the worst is behind me and my family. But thanks :)

--Edit-- Massive thanks for all the awards and kind words. And the puns! Love 'em.

I would have a daughter

But Bill kept the Windows

True story; it even happened last night. My 5-year-old son walks up behind me and out of the blue says, "hey."

I turn to him and say, "yeah, kiddo? What's up?"

He responds, "it's dead grass."

I'm really confused and trying to figure out what's wrong and what he wants from me. "What? There's dead grass? What's wrong with that?"

.

.

.

He says, totally straight-faced, "hay is dead grass," and runs off.

No it doesn't.

Now it’s syncing.

You officially hit rock bottom

He replied, "Well, stop going to those places then!"

I will find you. You have my Word.

She said how do you know he was headed to work?

“thank you for your cervix.”

...sails are going through the roof.

Made me smile

Mods said I'm a cereal reposter...

A taxi

But now I stand corrected.

Wait. Sorry, wrong sub.

Because 5 8 13!

The Thesis

>"It's good to be a bull during a bull market, but nothing compares to being a bear during a bear market of SPY, hodling GME" — Warren Buffett

Greetings, honorable Superstonk citizens. I've been playing with SPY and indexes recently, and it led me to formulate an interesting outlook on the current state of the market. I am really curious about what noble Superstonk gentlemen have to say on all these findings, so feel welcomed to engage in the discussion upon reading the post.

Compulsory, this is not a financial advice, and I am not an advisor - more than that, I am almost confident that I don't even know what I'm doing.

I. The Abstract

The main purpose of this work is to help wrinkle-lemited apes in understanding and learning important principles of technical analysis, in the process of elaborating on the current market conditions, and how these are relevant to GME technically. As it was mentioned in the post title, the tools that were used for creating this TA on SPY include: market cycles analysis, for setting a suitable framework; Elliot waves theory as a method of ordering major market movements; Fibonacci retracement for identifying the key, magnetic support and resistance levels; and a sweet 150 moving average to predict the potential bottom of the bear market. These tools will also be given a deeper explanation in the beginning of the discussion, for a bigger circle of Superstonk participants to wrap their brains around the technical factors at play. If you consider yourself to be a trader with sufficient technical knowledge and skills, feel free to skip the part II. The third part will be focused on the technical data accumulation, based on the historical examples from different time periods, and for different markets types. Part IV is the juiciest, as it incorporates the thesis formation through the application of all the data accumulated in the process of the analysis. V is the most important part. Without further ado, let's get started.

II. The Technical Core

1. Market Cycles

[S&P 500 example is used to illustrate market cycles: orange rectangle highlights accumulation phase, blue - mark-up, turquoise - distribution, and red stands for the mark-down](https://preview.redd.it/9pngxn7m0xu61.jpg?width=2388&format=pjpg&auto=webp&s=cc99e7f25441254e68d4d694848c721522

No financial advice.

Sup guys, I saw a $BTC drop and thought you might want to be bombarded with some frickin' technical information about trading. Today, guys and bois, we get deep, Mariana trench deep, we study MATH.

What is Fibonacci in trading?

Leonardo Fibonacci was a smart boi who created the Fibonacci sequence of numbers and the golden ratio. The Fibonacci sequence is a series of numbers where you sum the previous 2 numbers to get the current number, which would mean 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144.. to infinity. They mean something so much more,but it exceeds the purpose of this post, nobody is gonna read that and for trading it really doesn't matter.

How it affects trading?

The focus tends to be on the ratio between the numbers in the sequence. Traders usually use three main ratios, they are many more, but those are the ones that matter the most, 38.2%, 50% (technically not Fibonacci) and 61.8%.

The 38.2% ratio is found by dividing one number in the series by the number two places to the right. For example, 21 divided by 55 equals 0.382. Fibonacci levels are mainly used to identify support and resistance levels. These levels provide signals for traders to enter new positions in the direction of the original trend.

Basically, risk management. Showing levels of support and resistance.

"How do I use it?"

We can create Fibonacci retracements by starting at the bottom and finishing up top, kinda reversed foreplay. Fibonacci retracements work by taking its peak and draggin' down the dip too.

To obtain this info we used cmcmarkets.com.

***Ok, ok. BUT NOW WHAT? BTC gonna go brr?***r first support 0.236, now we heading down to 0.382. We showing signs of breakdown. What we don't want is to go below 0.618 we starting to worry, it might be a price correction (not very probable right now). Now we just waiting for a confirmation that it might stop at 0.382 and then do a swing and bounce back, might take a while tho, we are on the daily chart. SO BE patient.

Gonna continue more on Fibonacci retracement, but i didn't want to fill this post too much. Stay safe and buy low, sell high.

https://preview.redd.it/1bm13lnw5vu61.png?width=1752&format=png&auto=webp&s=aefdeee4f2c4a0e684316f465d1ff20d8c7266d8

[you can see that it broke our pattern ](https://preview.redd.it/3w95ye89zuu61.png?width=1854&format=png&auto=webp&s=c7a8d1767652db47325c627138b43fd67cf

My favorite 13th century Italian account, Leonardo Fibonacci, told me today that it's time to go all in on Bitcoin. The 8:30 ET low bounced right off the 61.8% Fibonacci retracement line. Straight line to the moon.

And then you will all be sorry.