Overall scheme is made of 3 fib channels.
One of them is steep to cover the channel of rapid rate of price change. The other one is adjusted to calmer upward movement.
Values of red dotted downward lines correspond to top fibs and they basically represent direction from fractal's top to its lowest point.
All of them are based on critical points of fractal.
One of them is steep to cover the channel of rapid rate of price change. The other one is adjusted to calmer upward movement.
Values of red dotted downward lines correspond to top fibs and they basically represent direction from fractal's top to its lowest point.
Commentaire:
important angle of uptrend
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