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While many traders use standard Fibonacci retracements (like 38.2% and 61.8%), Gilmore expanded this toolkit significantly. He utilized a broader array of geometric ratios derived from the square roots of 2, 3, and 5, alongside classic harmonic numbers. These ratios are applied to market expansions, projections, and retracements to map out precise support and resistance zones before price ever reaches them. 3. Wave Structure and Form
Gilmore cataloged numerous repeating geometric structures that appear across all timeframes.These include precise variations of:
: Gilmore posits that just as nature follows cycles (seasons, tides), markets are a reflection of human nature and follow similar rhythmic vibrations..
Use high-timeframe charts (Daily or Weekly) to locate major anchor highs and lows.