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Author Topic: Fibonacci retracement?  (Read 702 times)
zby
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January 09, 2012, 04:12:32 PM
 #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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January 09, 2012, 04:25:03 PM
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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

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