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Title: Fibonacci retracement? Post by: zby on January 09, 2012, 04:12:32 PM The rally was from 4.7 to 7.2 - now it retraced to 6 in a typical zigzag pattern. Any Fibonacci number fits?
Title: Re: Fibonacci retracement? Post by: sgbett on January 09, 2012, 04:25:03 PM 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 |