This chapter was meant to give you a visual guide to the types of swings or highs
and lows you should be choosing for your analysis. Once you have a good idea of
where to run your price relationships from, with a good analysis program the rest is
relatively easy.
You’ve heard me mention timing or time analysis. Now that we’ve gone through
all the steps to run our price analysis, it is time to focus on time. Let’s look at how we
can apply Fibonacci ratios on the time axis of the market, which can increase the
odds of a trade setup playing out if these time cycles coordinate with your price work.