Fibonacci retracement?

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zby (OP)

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Fibonacci retracement?

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?

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Re: Fibonacci retracement?

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

"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto
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