it is support and resistance lines based on Fibonacci numbers 23.6%; 38.2%; 50%; 61.8% and in some cases 76.4%.
The theory says that the the price is stopping on those numbers, floating between two lines sometimes etc. If the price left 3 lines this price will change the direction of the trend. Most probably. Those numbers 23.6%; 38.2%; 50% and 61.8% are the levels of market correction.
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