Pretty interesting when you consider this is an indicator that could have been drawn years ago to play out so well, I think it has to do with either its relation o the Fibs everyone has been using or bots programming using this sequence/ Fibonacci sequence.
The primary focus of this was to look at the Lucas Number sequence and it has shown a very high accuracy of results predicting the 2017 bull run almost perfectly; this goes to show this may be a good indicator to predict retracement points or future price targets.
The grey lines are halfway points between the Lucas numbers and the respective halfway points between them, which I have found predicted the consolidation of this Q1-Q2 2018 move.
The prime and n of prime sequence also show interesting results.
What would be an interesting take on this would be using some sort of indicator to hone potential timings.
The primary focus of this was to look at the Lucas Number sequence and it has shown a very high accuracy of results predicting the 2017 bull run almost perfectly; this goes to show this may be a good indicator to predict retracement points or future price targets.
The grey lines are halfway points between the Lucas numbers and the respective halfway points between them, which I have found predicted the consolidation of this Q1-Q2 2018 move.
The prime and n of prime sequence also show interesting results.
What would be an interesting take on this would be using some sort of indicator to hone potential timings.