Scale to scale comparison of the actual interconnectedness of system of patterns in terms of fibonacci sequence simulating natural growth of stock market over cyclic periods and is also used to describe some physical processes in general. Lines project psychological Support/Resistance, whereas areas - Demand/Supply accordingly. Orient by closest to the price nearest levels above and below it.
If market dared to make a move to next exponential target of fractal, then it must me compensated by counter wave to an extent which unfolds from current candles entangled to historic price expansion levels.
First Chart:
Weekly:
Zoomed Daily:
If market dared to make a move to next exponential target of fractal, then it must me compensated by counter wave to an extent which unfolds from current candles entangled to historic price expansion levels.
First Chart:
Weekly: