Above it was said about the two channels.
Channel 1 - the channel in the forks of Andrews.
Channel 2 - channel in Schiff lines.
There is another channel. This is a horizontal channel. The walls of this channel are the extremes of the market.
In this channel, work those who use the Fibo line. This adds 2 more groups of participants.
Thus, the formation of a market movement determines the complex interaction of six groups of market participants operating in three types of channels.
And fibo levels also “work” in these three types of channels.
About the time to achieve goals. Or about the time to reach the pivot points. Pivots and goals.
Determining the level of pivots is in many ways an art.
Again we will proceed from the physics of wave motion in the channels.
There is a goal in the willow channel that the market is aiming for - this is the median. And the time to achieve this goal is determined.
In the channel of Schiff lines there is also a goal - to reach the level of the opposite wall of the channel.
Market participants pursue one goal - to achieve a certain price level.
Market participants do not have a goal to hold out for a certain time in the market regardless of the achievement of a certain income level.
From this position it is possible to proceed. That is, the time to reach pivot points will also be determined depending on the Fib ratio in the channel.
Where the base points are the anchor points of the channels. Taking into account the slope of the channel, reaction lines are constructed, which are often in places near pivots.
But the horizontal channel has no time component. Therefore, the construction of reaction lines from arbitrary extremes in the form of vertical lines can be an aid in determining the time of the pivot point in fairly rare cases. This, in my opinion, is a fairly random occurrence.
As an example, consider the following image:
Forks are tied to three extremes, representing the end of three consecutive waves of the same wave level.
The impulse on December 3, 2015 ended on the median on the reaction line 38.2
The first wave ended on ISL618 on the reaction line 61.8
This was followed by a complex extended correction. The first wave of correction in the form of an incorrect zigzag. The second wave - ABC (after wave X) is an irregular in the form of a wave plane.
The first wave of this correction - ABC - also ended close to the reaction line 61.8.
That is, this correction (AB = CD of the butterfly) actually depicted the dollar symbol around the reaction line 61.8
Further, there was a rise to the reaction line 100 and a descent along the reaction line 100 in the last three days.