Research: Could Price Levels Be Predefined?Basis:
RESEARCH
Analyzing directional support and resistance through Fibonacci channels provides a systematic approach to understanding historical price movements and their impact on current market trends. Fibonacci ratios have long been essential in technical analysis, helping traders identify pivotal price levels where momentum shifts frequently occur. This research focuses on applying Fibonacci channels to ABNB, plotting major swing highs and lows to establish price zones based on key ratios (0.236, 0.382, etc.). By aligning past market behavior with these channels, we pinpoint critical support and resistance levels, assessing whether the current price aligns with historically relevant zones. The presence of a symmetrical triangle pattern underscores significant turning points where price action has consistently reacted. Meanwhile, integrating Fibonacci channels further illustrates how structured price movements adhere to these predefined levels, reinforcing their reliability. This methodology not only contextualizes current trends but also enhances forecasting accuracy.