Introduction
I'm going to give an idea of more detail of fibonacci number that can be used as expanding pivot lines or use it as an expanding
AB=CD pattern.
Your Title
new fibanacci number-expanding AB=CD pattern-expanding pivot lines
all trader know about fibonacci number such as this:
1,1,2,3,5,8,13,21,34,55,89,144,233,377,610,987,….
…… | 1.618 | 233/144= | 1.618 | 144/89= | 1.618 | 89/55= | 1.618 | 55/34= |
... | 0.618 | 89/144= | 0.618 | 55/89= | 0.618 | 34/55 |
0.236 | 0.618-0.382= | 0.382 | 1-0.618= | 1 | 1.618-0.618= | |||
1.272 | √ 1.618 | 0.786 | √ 0.618 | 0.764 | 1-0.236= | |||
≈0.5 | 0.486 | √ 0.236 | 2.618 | 1.618+1= |
a few of them know about 0.786 and 1.272
0, 0.236, 0.382 , 0.5 , 0.618 , 0.764 , 0.786 , 1 , 1.27 , 1.618 ,2.058 ,3.33 , 4.236 ,5.388 ,6.854,….
0, 23.6% , 38.2% , 50% , 61.8 %, 76.4 % , 78.6% , 100% , 127% , 161.8%, 205.8% , 330% , 423.6% , 538.8% , 685.4 %,…
but there is n't any book or article or application about 2.058 - 3.330 - 5.388 - 6.854 - 8.718 or more
i calculate them as bellow:
sqrt | sum | ||
2.058 | 4.236 | 2.618+1.618= | |
2.618 | 6.854 | 4.236+2.618= | |
3.330 | 11.09 | 6.854+4.236= | |
4.236 | 17.944 | 11.09+6.854= | |
5.388 | 29.034 | 17.944+11.09= | |
6.854 | 46.978 | 29.034+17.944= | |
8.718 | 76.012 | 46.978+29.034= | |
11.090 | 122.99 | 76.012+46.978= |
AB=CD pattern
Conclusion
we can see more levels for trading or forecasting(long term) or use it for expanding
AB=CD pattern.i think that it is new article but i will be happy to see your idea
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