Chart for analyzing time periods Modified S/R FIB Areas of consolidation, potetial breakdown and reversal Triggering levels Scheme can be used for tracking price movements within fractal configuration. Violet lines are identical in terms of gradient of correction.
Quality! Best analysis I have seen here...
Although as a beginner, I don't fully understand the method of how you made it.
I'd be curious to learn how you enter the Fibonacci lines into the horizontal scale?
Where do you start?
Also on the time scale, I noticed you measured the bars (35/58 days). Is this a repetitive pattern which can be relied on?
@hsnyder, I have no idea what the hell I'm actually doing.
fract
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@hsnyder, Nevertheless, I can't put up with the thought that I'll be using TA and other standard way of thinking the crowd does. I'm just trying to something new from my continuous research that I'm carrying out by myself. Sooner or later I'll be ready to share with all of you what I found.
hsnyder
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@investa, Looking forward to learning about what you found!
hsnyder
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@investa, Haha I think that sums it up for a lot of us! At least you're diving in and figuring it out. What are those fib indicators you are using? They look very interesting and would be great to know how to read them.
fract
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@hsnyder, Horizontal fib I use to measure fragments and waves within a complete cycle. Say I measure the lowest point from 0, next local lowest point as 0.236 then the following unit predicts next low point on a time scale. That is for this particular example Basically, it is a flexible tool to foresee the volatility in terms of time.
Although as a beginner, I don't fully understand the method of how you made it.
I'd be curious to learn how you enter the Fibonacci lines into the horizontal scale?
Where do you start?
Also on the time scale, I noticed you measured the bars (35/58 days). Is this a repetitive pattern which can be relied on?
THANKS for taking time to share this.