I got a prliminary use of Ackerman's idea before I realized the whole theory.
After the 25 % Retracement has been taken out I assume that a downmove is on the way. The pivot is a Fibonacci extension that is a former high of the last trading hour of a day. Once it worked as you can see. Let me see now if it works a second time.
After the 25 % Retracement has been taken out I assume that a downmove is on the way. The pivot is a Fibonacci extension that is a former high of the last trading hour of a day. Once it worked as you can see. Let me see now if it works a second time.