Author

Topic: Fibonacci retracement? (Read 840 times)

legendary
Activity: 2576
Merit: 1087
January 09, 2012, 11:25:03 AM
#2
If you consider rally from 2.2 to 7.25, then first stop is 5.32 by my calcs...


If you work it from 4.7 then you are looking at about 6.276
zby
legendary
Activity: 1594
Merit: 1001
January 09, 2012, 11:12:32 AM
#1
The rally was from 4.7 to 7.2 - now it retraced to 6 in a typical zigzag pattern.  Any Fibonacci number fits?
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