After identifying your Initial Condition, you should draw the Fibonacci tool on your chart, where 0 and 1 are the start and end of your Initial Condition.
Make sure to fill in the zones with the rectangle tool to more easily view the zones. You can also save it as a template on TradingView.
If your measurements are correct, both moves should align with the Feigenbaum targets.
If the manipulation leg skips to a different target instead of bouncing off F1, it is not a valid Feigenbaum projection.
| Zones | Start | End |
|---|---|---|
| -F4 | -13.2796 | -17.6768 |
| -F3 | -6.1398 | -8.3384 |
| -F2 | -2.5699 | -3.6692 |
| -F1 | -0.6714 | -1.5029 |
| Initial Condition | 0 | 1 |
| +F1 | +1.6714 | +2.5029 |
| +F2 | +3.5699 | +4.6692 |
| +F3 | +7.1398 | +9.3384 |
| +F4 | +14.2796 | +18.6768 |