Can you explain whats going on here? To me looks like wayyy too much information on one chart.
mshrmmn
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@HBlizzyGL, I agree it's too much. And yes, I would love to explain.
It's the finite product of a thought that started with this: , to which, for confluence, I started adding to end up with this: .
I started adding the white Gann Fan first, but didn't account for the green trendline; added the yellow Gann Fan. It was at this point when I added the Fib as well.
Also please note the marked red trendline.
I've also added as further support:
-reason for putting 1 Fib level where I did: -broader view for explanation of the marked red trendline:
If you still need further detailing, please ask; I know it's heavily loaded, and the indicator I forgot to delete before posting, makes things even worse, altough somewhat relevant.
Apologies, should have posted the individual steps instead of the finite product. Still learning - have only been learning this for 2 months now.