Module 07 / Lesson 3 / 7 min
Location: Fibs and the CME Gap
What you will learnExplain the location dimensions (2 + 1 + 1).
Weekly Fib — 2 points
Price is doing business at a weekly retracement zone: 0.236 / 0.382 / 0.5 / 0.618 / 0.786. Weekly fibs are where multi-week positioning concentrates; an extreme that forms ON one of these zones is structurally heavier than one floating in space.
Daily Fib — 1 point
Same logic, daily lookback, lighter weight: 0.382 / 0.5 / 0.618. Confirmation that the local structure agrees with the weekly story.
CME Gap — 1 point
Bitcoin futures on CME close on weekends; spot does not. The unfilled gap acts like a magnet and a wall. This dimension pays when no open counter-gap is blocking the trade direction — and its harder twin appears as a gate in M08. Panel read: CME gap open / filled.
Location dimensions answer one question: did this extreme form where positioning actually concentrates, or in the middle of nowhere? Extremes in nowhere-space are how breakout traders get paid. Extremes ON structure are how the third side gets paid.
Checkpoint
Answer all questions correctly to mark this lesson reviewed on this device. This local check is not completion evidence.
1. Weekly fib levels the system watches:
2. The CME gap exists because:
3. An extreme floating far from any structure is: