Breaking down the volatility & cycles in terms of Fibonacci ratios. Market rhymes with golden ratios adapted to the average angle of its waves. Having the golden rule interconnecting the history to the present, it allows projecting its domestic randomness into the future. So the only subjective component of this idea would be coloring which mimics the LT momentum. I'm not in favor for naming targets as they must be determined by market itself. These is the real system of coordinates of all psychological levels to which the price action is exposed to.
Also testing fibonacci channels in linear scale:
Fibonacci LT Trend Separation:
Let's see how Jerome Powell's speech will affect the direction of the market today. Either way approaching fibs will act as obstacles challenging the market to its opposite direction to various extent.
Also testing fibonacci channels in linear scale:
Let's see how Jerome Powell's speech will affect the direction of the market today. Either way approaching fibs will act as obstacles challenging the market to its opposite direction to various extent.
