fract

S&P500 Fibonacci Channel

fract Updated   
TVC:SPX   S&P 500 Index
The angle of FC is based on H/L points of fractals within 2 cycles.
Even if we extend to the left it's still relevant to the historic patterns (market behavior).
It's vital to be able to find the most common angle (steepness) of the general direction to make all fibs tuned to the chaotic fluctuations.

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Scenario according to historic fractal
Comment:
Acted like as if it was aware of fibs with mirror effect.
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