The purple lines are Gann Square of 9 levels. This is a daily chart, and you can see their relevance. On the hourly time frame its quite striking how reliably price action uses these levels as support and resistance. Dare I say all battles are on one of these levels (not every level, but each flop from resistance to support is on one of these levels).
The $81,000 price should be particularly challenging to break above as it is both a 3.618 & a 2.1618 fib extension level from different price moves, and it is a Gann Sq of 9 level.
The $81,000 price should be particularly challenging to break above as it is both a 3.618 & a 2.1618 fib extension level from different price moves, and it is a Gann Sq of 9 level.