S&P 500
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S&P500 Fibonacci Channel

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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).
snapshot
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
S&P 500 Fractal (1)
Note
Acted like as if it was aware of fibs with mirror effect.

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