DislikedIs the grid made up of intersecting AB and AC trendlines? If so, where do you place them?Ignored
Once the ML drawn, I put blue fib channel using pivot A and C
and then I put second fib channel, Pink, using pivot A and B
From B to C, you can divide it to 2, 3, 4 occasionally 5. It depends on how well they are respected in past time ( Look to the LEFT). In this chart I divide the blue into 4, and the pink into 4 as well. They don't have to be divided by the same number, just see how well they are respected.
When the price goes near the grid, take a look at the price action in smaller timeframe including momentum, divergence, rejection, fib timing, wave count etc.
The grid is diagonal S/R levels, don't forget the horizontals.
It's basically channels but I like using the pivots based on PitchFork method instead of drawing any random channels. Hope it's clear.
ant-