Hi @Inthebox, Thanks for sharing as well. In addition, I am thinking point 3 might due to the use of Sperandeo method to draw trend lines. Perhaps @Seysin32 could guide us further.

The Fibonacci channel projections (FCP)

Hi @Seysin32, Thank you for your guidance. I am trying to figure out what has gone wrong with my charting. Is it because of the new low (Point 3)?

The Fibonacci channel projections (FCP)

Hi @Seysin32, I have redrawn eur/usd using m30 chart.

The Fibonacci channel projections (FCP)

hi @Seysin32, I have made another take on eurusd hourly chart. If I have drawn the chart correctly, it looks like a good SELL entry if there is a price signal at 0.786-0.750 range. What is your opinion? Thanks in advance.

The Fibonacci channel projections (FCP)

Hi @Inthebox, noted with thanks.

The Fibonacci channel projections (FCP)

Hi @Inthebox, is it a double-top for readings between the start of April to date?

The Fibonacci channel projections (FCP)

Thank you @Seysin32

The Fibonacci channel projections (FCP)

Hi @Seysin32, Thank you for your sharing. I understand that this system does not use any indicators but just out of curiosity for the chart that you have shown me; may I know what is the indicator at the bottom of your chart and what settings ...

The Fibonacci channel projections (FCP)

Greetings @Saysin32, Thank you for your method. I am new to this forum and have been reading your thread over the weekend. Below is my take on usd/chf hourly chart. Could you advise if I have drawn the chart correctly? or what I can do to improve on ...

The Fibonacci channel projections (FCP)