This chart is the leader the emini SP500 ...I'm posting it to show a very close relationship between the bell curve,profile (overlayed) and the Fib levels..
It's also intresting the center of the curve , with the most traded levels for the range (value) is almost right on the 50% fib level.
But probably of more importance here is the reference points ..we posted another one last night , now showing the relationship between ref-point 1. and 3. is almost equal , giving us a market that is captured by horozontal development.
Also on a daily basis my data shows that the opening and closing prices for this market have been almost the same for the past 3 .5 sessions..which further enforces the reference points showing the horozontal condition of this market ..That means the way to trade it is to sell above the value and 50% retrace line and buy below it untill you are wrong.good luck.![]()
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