OAPDaveOriginally Posted by ;
Murrey Grid is Just One WAY of Working with the Division by 8 of a Price Range
ANY division by 8 of whatever Price Range imitates (is an approximation ) of the usual Fibonacci Serie which shows a parabolic move.
I write the usual Fibonacci Serie: 1,1, 2, 5, 3, 8, 13, 21,34, 55, 89 etc since there also this Fibonacci serie is a Particular method of the Fibonacci Methodology (starting with one)
take randomly Two amounts, add them, then insert the result with the final number etc and You'll get a lot of Parabolic Curve and quite quickly the Proportion of the last amount on the prior one tends to 1,618