DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions and be responsible for your own investing and trading Activities.
@Profithunterrr, Yes. the most upper ribbon represents the current time period. for the next ribbon just bellow the first one, the timeframe * 1.414; so the 3rd one is 2 times of the current timeperiod.
Blue means support, Yellow means resistance.