Quick comparison of the last two breakout cycles using the horizontal fibonacci, measured from the start of the breakout to the first bottom on each cycle.
It's interesting how the fibonacci trendlines have an opposite effect on the momentum up until the 4.272 and 4.618.
Not usually into fractals and stuff but thought it might be worth sharing.
Collaboration and feedback welcome.
Not an expert, not financial advice
Biffy
It's interesting how the fibonacci trendlines have an opposite effect on the momentum up until the 4.272 and 4.618.
Not usually into fractals and stuff but thought it might be worth sharing.
Collaboration and feedback welcome.
Not an expert, not financial advice
Biffy
