Research Notes
- Given expression like this:
- Fractal Corridors can be used for horizontal perspective of the same pattern manifestation. Alternative frames of reference exposes how historic swings of various magnitude in some way wire the following price dynamics. tradingview.com/x/fzDchdzE/This helps to seek a matching commonality in angles of trends which gives a hint how structure evolves in multi-scale perspective.
I use both when it comes to working with complex waves and making interconnections through fibonacci ratios. - To define emerging wave's limits (probable amplitude), I'll test classic rule of Support/Resistance shift in fibs.
(When resistance becomes support or vice versa)
- By theory it means a trendline can also shift like that.
In our case this can be applied as: - Fibocnacci Structure:
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✔️ Interconnection Type ValidatedIn particular I'm talking about the direction that goes through support points then becomes resistance.
Because of that angle, price rejected going higher than the edge and so far corrected to first fib zone. Lower proportion separates the gap.
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ᴀʟʟ ᴄᴏɴᴛᴇɴᴛ ᴘʀᴏᴠɪᴅᴇᴅ ʙʏ ꜰʀᴀᴄᴛʟᴀʙ ɪꜱ ɪɴᴛᴇɴᴅᴇᴅ ꜰᴏʀ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴᴀʟ ᴀɴᴅ ᴇᴅᴜᴄᴀᴛɪᴏɴᴀʟ ᴘᴜʀᴘᴏꜱᴇꜱ ᴏɴʟʏ.
ᴘᴀꜱᴛ ᴘᴇʀꜰᴏʀᴍᴀɴᴄᴇ ɪꜱ ɴᴏᴛ ɪɴᴅɪᴄᴀᴛɪᴠᴇ ᴏꜰ ꜰᴜᴛᴜʀᴇ ʀᴇꜱᴜʟᴛꜱ.
ᴀʟʟ ᴄᴏɴᴛᴇɴᴛ ᴘʀᴏᴠɪᴅᴇᴅ ʙʏ ꜰʀᴀᴄᴛʟᴀʙ ɪꜱ ɪɴᴛᴇɴᴅᴇᴅ ꜰᴏʀ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴᴀʟ ᴀɴᴅ ᴇᴅᴜᴄᴀᴛɪᴏɴᴀʟ ᴘᴜʀᴘᴏꜱᴇꜱ ᴏɴʟʏ.
ᴘᴀꜱᴛ ᴘᴇʀꜰᴏʀᴍᴀɴᴄᴇ ɪꜱ ɴᴏᴛ ɪɴᴅɪᴄᴀᴛɪᴠᴇ ᴏꜰ ꜰᴜᴛᴜʀᴇ ʀᴇꜱᴜʟᴛꜱ.
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ᴀʟʟ ᴄᴏɴᴛᴇɴᴛ ᴘʀᴏᴠɪᴅᴇᴅ ʙʏ ꜰʀᴀᴄᴛʟᴀʙ ɪꜱ ɪɴᴛᴇɴᴅᴇᴅ ꜰᴏʀ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴᴀʟ ᴀɴᴅ ᴇᴅᴜᴄᴀᴛɪᴏɴᴀʟ ᴘᴜʀᴘᴏꜱᴇꜱ ᴏɴʟʏ.
ᴘᴀꜱᴛ ᴘᴇʀꜰᴏʀᴍᴀɴᴄᴇ ɪꜱ ɴᴏᴛ ɪɴᴅɪᴄᴀᴛɪᴠᴇ ᴏꜰ ꜰᴜᴛᴜʀᴇ ʀᴇꜱᴜʟᴛꜱ.
ᴀʟʟ ᴄᴏɴᴛᴇɴᴛ ᴘʀᴏᴠɪᴅᴇᴅ ʙʏ ꜰʀᴀᴄᴛʟᴀʙ ɪꜱ ɪɴᴛᴇɴᴅᴇᴅ ꜰᴏʀ ɪɴꜰᴏʀᴍᴀᴛɪᴏɴᴀʟ ᴀɴᴅ ᴇᴅᴜᴄᴀᴛɪᴏɴᴀʟ ᴘᴜʀᴘᴏꜱᴇꜱ ᴏɴʟʏ.
ᴘᴀꜱᴛ ᴘᴇʀꜰᴏʀᴍᴀɴᴄᴇ ɪꜱ ɴᴏᴛ ɪɴᴅɪᴄᴀᴛɪᴠᴇ ᴏꜰ ꜰᴜᴛᴜʀᴇ ʀᴇꜱᴜʟᴛꜱ.
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.