wednesday, page-32

I have been exploring a concept used by Alan Oliver.

Find a Fib range that is over a period of time and price
has reacted to it. Then move the bottom up to a respect low
and create the next target up or down.

I think this is an example of it.

In discussing it with him, he mostly does this on small
timeframes eg 5min to 4hr and chases the safer trade in
between the lines.

I thought it was interesting and unquie.

eg

The same weekly Copper chart




I explored each low and it was accurate.
I realise that I am just moving the same range up
the same chart, but it looks different. I don't know
enough to know if it produces differnt targets.

This is from the last low.

What would a Gann analysist says?