The hidden life of charts
There is a world of hidden structure in a chart. Many forget that fibonacci levels are derived from curved paths that evolve in time, and there are different tools for measuring them. I include three types in this analysis. I like 1.5865 not only because it keeps coming up in my calculations but the last peek into that area was obviously unresolved. Another very interesting level is 1.5671 The high achieved on 31 December last. My feeling is higher prices this week followed by a decline
Disclaimer
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.