DXY weekly pivot channel and repeating internal trends
This is an example of one angle being used to hit key points. Just click the minus zoom down 1 click. It goes over the screen size here. Another tip. Set your published charts with SCALE LOCK on. It keeps the angles and object relations on charts in proper proportion.
I call these pivot channels because they are swung from one key point. (orange ellipse).
The key idea is the blue ellipse is directly vertically in line, so the channel can be reset from a different point (keeping it's vertical distance) and swung at a different angle
1. choose an angle between 2 significant points
2. Use the Fib channel and make sure the points are precisely anchored (I use the magnet tool)
3. Orange is the pivot point. Make sure the anchor that is inside the blue ellipse is set VERTICALLY in line with the orange ellipse (won't show). Just open format and set the inputs (coordinates)
4. Spread the lines apart (anchor point inside blue ellipse) until as many points line up on the spacings as possible.
5. Reset the orange or blue ellipse anchor (invisible now) to another key point and swing the channel
*** Do not keep adjusting the vertical channel size. Test the sizing but swing the overall angle to hit points ahead and behind.
This is an approximation tool that can be used with other ideas.
I just marked in the even numbers for some. They may be .5 etc over or under. The idea is to use these number of levels in each move as an approximation of a finishing point. Notice how many 3,6,and 9 levels there are.
What this shows is 2 moves that may look different may actually be similar when the channel is set at an angle.
I call these pivot channels because they are swung from one key point. (orange ellipse).
The key idea is the blue ellipse is directly vertically in line, so the channel can be reset from a different point (keeping it's vertical distance) and swung at a different angle
1. choose an angle between 2 significant points
2. Use the Fib channel and make sure the points are precisely anchored (I use the magnet tool)
3. Orange is the pivot point. Make sure the anchor that is inside the blue ellipse is set VERTICALLY in line with the orange ellipse (won't show). Just open format and set the inputs (coordinates)
4. Spread the lines apart (anchor point inside blue ellipse) until as many points line up on the spacings as possible.
5. Reset the orange or blue ellipse anchor (invisible now) to another key point and swing the channel
*** Do not keep adjusting the vertical channel size. Test the sizing but swing the overall angle to hit points ahead and behind.
This is an approximation tool that can be used with other ideas.
I just marked in the even numbers for some. They may be .5 etc over or under. The idea is to use these number of levels in each move as an approximation of a finishing point. Notice how many 3,6,and 9 levels there are.
What this shows is 2 moves that may look different may actually be similar when the channel is set at an angle.