What is Fibre Channel?

Fibre Channel is a high-speed data transfer technology that is designed to connect general purpose computers, mainframes, and supercomputers to storage devices. Fibre Channel provides in-order, lossless delivery of block data.

How does a Fibonacci channel work?

A Fibonacci channel doesn't require a formula. The channels are drawn at certain percentages of the price move selected by the trader. In an uptrend, select a starting point (a low) and then another higher swing low. These create the zero-line, since this is where the channels start from. This line creates the angle of the channels.

How do you use a fib?

a) Use tops and bottoms on your time frame à use natural tops and bottoms for swings and legs to place your fib; b) Use Elliott Wave à always make sure you are fibbing a wave 1, a wave 3, a wave A, or an entire 5-wave sequence, otherwise, the Fib might not work all too well;

What are the Fib Sequence numbers?

The list of Fib sequence numbers is: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, and continues. The trick is to add the first two numbers, which equals the third (0+1=1), then continue by adding the 2nd and 3rd which equals the 4th number (1+1=2), etc. As the numbers are added a new number is created.