A Fib Channel based upon the last months presented in the 4 hour timeframe. Looks like a bullish flag.
After some research, I believe I have found some very important values of the Fibonacci sequence for price trends. I have implemented and tested these in the Fib. extension. The first extension point starts at the extreme low of our cycle and ends only about 1 day and 20 hours later at point 3 (see screenshot below). If we now look at the precision in the...