Research: Retracement VS Exponential Grid

In this research idea I'll test which of those two tools would be a more effective way for projecting future key levels to which price may react best.

While both of them are chart-based and run on fibonacci with progression rate 0.25 showing exponential spacing between levels, there are differences:

1. TradingView's Fibonacci Retracement (2 chart points)
   Levels are derived from distance 0-1 which measures the -86% decline.
   
2. Exponential Grid (1 chart point)
   Levels are derived just from the historic lowest price.
   

Historically, in both cases price movements have respected these exponential levels.
This experiment is essential for various reasons:

• Understanding better parabolic growth patterns.
  
• Improving the indicator for a better performance and user experience.
  

ENDGOAL
Accurately map support, resistance, and market reactions ensuring better predictive accuracy for future price action.