Candlesticks, Fibonacci, and Chart Pattern Trading Tools : a synergistic Strategy to Enhance Profits and Reduce Risk

CHARTING PHI-CHANNELS
Working with PHI-channels generates trend support and resistance
lines by multiplying the difference from baseline to parallel outside
line of the PHI-channel with different Fibonacci ratios. The baseline
of a PHI-channel is created by connecting a significant 
High
(or 
Low
)
with a signif icant 
Low
(or 
High
).
Click the 
P1
speed button to mark the signif icant 
High
(or the 
Low
).
Move the cursor to the 
High
of choice in the chart and click with the
left mouse button.
Click the 
P2
speed button to mark the signif icant 
Low
(or the 
High
).
Move the cursor to the 
Low
of choice in the chart and click with the
left mouse button.
Move the cursor to the outside point of the PHI-channel in the chart
and click with the left mouse button.
Right-click the 
Draw
speed button. Left-click on 
PHI-channel
from
the list of available trading tools. A bullet point will appear next to the
word 
PHI-channel.
Click the 
Draw
speed button with the left mouse button again. A
chart containing the PHI-channel should be seen at this point. De-
pending on the choice of a Fibonacci ratio displayed in the ratio box,
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USER MANUAL WINPHI: GETTING STARTED
the system now draws parallel lines to the PHI-channel, by multiply-
ing the width of the PHI-channel with the Fibonacci ratios.
The Fibonacci ratios can
be changed using the 
Dir
and the