Assets have many Impulses in a lifetime, but only one "Genesis Pulse". Genesis as in "birth", programmed with all of the DNA it will ever have. That Impulse determines the "Sequence" of growth spurts and retraces.
Imagine it this way: - Each person that buys some, tells on average 1.618 others to buy. - Like an undulating insect swarm, there will be waves of decisions. - As the swarm grows, the waves' amplitudes grow by 1.618 multiples.
At first the swarm blindly "trips" over each of the levels. But soon comes to "remember" the exact position of each. "Indicators" record the turning points, for newborns to see.
The 2.618 extension is always a strong one. That magic is simple: 1.618 x 1.618 = 2.618. Thus a strong turn at $105.92 is worth noting.
IF the bottom is anywhere NEAR here, then THIS is it. .
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".
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