Defining the levels of reversals in terms of fibonacci ratios derived from Convid19 crash. Second alternative colored fib channel is placed in respect to established unity.
Old version contained colored fib channels covering period from 2008 crash.
Whereas in current version, the interconnectedness in fibs are based on metrics of Covid19 volatility ONLY ....
Determination of psychological price levels based on core measurements of Dotcom bubble. Narrow colored channel top in this case can be connected to subjective angle which would make 1 or more corrections bottomed as 0.618.
s3.tradingview.com
Fibonacci coverage of interconnectedness of the whole history:
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A related concept from the book: The Misbehavior of Markets by Mandelbrot
In fractal analysis, time is flexible. The multifractal model describes markets as deforming time-expanding it here, contracting it there. The more dramatic the price changes, the more the trading time-scale expands. The duller the price chart, the slower runs the market clock. Some...
