the channel having the width taken as a unit width is used. Then, p***llel lines are drawn at the values equal to the Fibonacci Numbers, beginning with 0.618-fold size of the channel, then 1.000-fold, 1.618-fold, 2.618-fold, 4.236-fold, etc. As soon as the fifth wave finishes, correction in the direction opposite to the trend can be expected. 1 [& P7 y, y2 `. l9 G _( _, K: o! W' U
: c; G& H# y9 t! {; n/ x5 q2 [6 l1 _: `2 z6 t4 r/ ^* qIt is necessary to remember for a correct Fibonacci Channel building: base line limits the upper part of the channel when trend is ascending, and the lower part of it when trend is descending.
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