Fibonacci Channels, where two coordinates define direction and a third maps a cycle, reveal the relationship between historical price points. The intersections of these lines mark zones of probability density, where price is drawn toward (or repelled) from key psychological levels.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.