Fib channel tool does a nice job helping with visualizing accumulation/distribution and price action within specific fib channels. My hypothesis is that price will spring off the .382 or .236 fib in the coming days and test the 1.618 fib.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.