Simple's Green Room

[gitonwithit]

Here's some interesting info about the 2.236 in the picture. Didn't really know the connection between 2.236 and the fib series.
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Secondary and Tertiary Retracement Ratios: Some of these include...

.786, the square root of .618. Retracements will commonly fall in the .77-.786 range.

2.236, is the square root of 5, the most important number in the Wave Principle and key to the composition of the Golden Ratio (2.236 + 1)/2= 1.618; (2.236 -1)/2= .618.

http://www.market-harmonics.com/elliott_wave2.htm