Depicted channel in White to me is our Parallel Channel. Fib speed resistance fan currently 0.618 support in line with the channel. 0.75 major support level as can be seen on our previous impulse to the bottom, that was a support for I think was a fake out to the downside.
Too some it’s a laser light show. I see the lasers as points of interest. Idk the full understanding of these tools. But I’ve learned how to use them pretty well
I made this a while ago. Its super accurate. It’s super cooler seeing it follow the lines day after day. I didn’t fit this to the charts. I created it and it flowed into this :)
4hr chart. UTC+1
Using Fractiles to get lows and highs.
Fib fan drawn from low Wed 18 Jan 17:00 to high Thurs 16 Jan 17:00. Levels seem to have confluence with price action.
Support lines building up to initial Pennant.
- Draw a trend line from low Sat 11 Feb 17:00 to low 17 Feb 01:00 and change setting to Extend the right line.
- Draw a trend line from high...
I made a smaller more relevant square inside with the same 0/45degree point but sized it to the gold horizontal.25 fib line on the smaller square to the price action from may2022 to now. That also had correlation to the bigger square too. It fits right in with price action and also matched with the over fibs/ganns things
I recently made this. And just today I added the opposite direction. The gold circle on the right side I added today. The speed fans facing down is where I started from.
I saw speed fans and also saw a gann square back then. So I fitted it. It bounced off the golden lines nicely. And respected the fans and rings almost perfectly at times. I made this in like March-may
