A nice eye this morning premarket. This S&P Futures Option 1535 Strike Put hit 10 on the dot, but quickly reversed as that, as it turned out, was a Fibonacci extension. A great target it turned out, though. Almost got to Pi, 3.412 extension, but Phi, 1.618 extension was my visualized target from the beginning. Meaning...I didn't draw the regression channel with the Fibonacci and Pi extensions until after the fact (trade). I saw the chart this morning and it looked like the next harmonic motion was to 10. It just happened that the target I had visualized had been a natural Fibonacci extension. It makes perfect sense though to me: it all has to do with harmony and harmonic vibrations. When you recognize them, whether in nature or man-made, they are a beautiful thing. You begin to notice them everywhere. Whether watching the waves crash on the shore at the beach; Looking at a massive almost symmetrical cathedral in Rome; Seeing our galaxy through the images of the Hubble Telescope; Trading Options on the Futures Market; All, Awe-inspiring, really.
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