Fibonacci channels

Important discovery about a permanent, daily, feature of the markets.  I suppose it works on the same principle as Gann's 45 degree grids, but in a way that makes sense visually to me.

For each new intraday session, just shift the channel forward from yesterday's session and make sure it correlates to Asia price action, and there you have a template for London and NY.

http://goldennumber.net/

http://www.ermanometry.com/