It doesn't say, (or else my rereading it 20+ times hasn't spotted it) but the fib levels are XXX pips above and below the tunnel. I assume then:
if we are in the uptrend, the 24MA is above the 28MA, and so the lines above the tunnel are: 24MA + 89, 24MA + 144, 24MA + 233 etc...
and the lines below the tunnel are then based on the 28MA:
28MA - 89, 28MA - 144, 28MA - 233 etc..
and visa versa if the market is flipped, and in a downtrend.
Or is he just basing it on the 24MA?
Wait, pulled up his software, answered my own question.. He's basing it on the 24MA only..
Hmm.. I will try it based on the 2 different side of the tunnel like I listed above, and see if the results are better or worse..
if we are in the uptrend, the 24MA is above the 28MA, and so the lines above the tunnel are: 24MA + 89, 24MA + 144, 24MA + 233 etc...
and the lines below the tunnel are then based on the 28MA:
28MA - 89, 28MA - 144, 28MA - 233 etc..
and visa versa if the market is flipped, and in a downtrend.
Or is he just basing it on the 24MA?
Wait, pulled up his software, answered my own question.. He's basing it on the 24MA only..
Hmm.. I will try it based on the 2 different side of the tunnel like I listed above, and see if the results are better or worse..
google: