Wave simulation relative to recent decline in terms of Fibonacci ratios. Using critical points of correction to build interconnected structure for determining limits of current wave as function.
Fibonacci channels are the most suitable for fractal analysis because it enables us to use specific angles which is %/Time. Like a rate of change of a function in my perception.
The steeper is the angle of FC, the more it relates to Time. (Cycle separation into stages)
Shallow angle relates more to price levels which act like boundaries of approaching wave. Some fibs will cause "reflection", some will allow the price to pass.
Fibonacci channels are the most suitable for fractal analysis because it enables us to use specific angles which is %/Time. Like a rate of change of a function in my perception.
The steeper is the angle of FC, the more it relates to Time. (Cycle separation into stages)
Shallow angle relates more to price levels which act like boundaries of approaching wave. Some fibs will cause "reflection", some will allow the price to pass.