Not an idea, but a Glimpse

This may have the reader scratching their head a little. This is no crystal ball but a look into the past to derive the future. It is a visual representation of how the market ebbs and flows around the Fibonacci, which is not a bunch of straight lines (sometimes it works out that way) but a moving average of cycles. We are at the bottom of the short-term Fibonacci (bottom white line) once again (March 2020). If it bounces off here I will be surprised because I think it has the momentum to go much lower.