Today's chart & trading, page-1856

You tell me no Fibs, I tell you no lies. Not a conversation you’ll hear between Yeo and Fuz...

The good thing about charts is you’re never wrong, you just redraw your trendline. To be honest my original lower trendline was/is a little tenuous, perhaps a work in progress:



As for a Fib chart, here goes:



Remembering Fib levels are zones of interest, unlike fixed horizontal resistance levels... you can see it failed it’s first attempt at the 23.6% retracement around $1.83, (had to pull back to fill a gap and kept going), so that remains the immediate target. If it can sustain a convincing move above it, then you feel the gap to $1.97 should be filled on the way to threatening the next 38.2% retracement level around $2.045 etc. Soon as the pair of compulsive Fibbers get ejected from their ministerial briefs, it should fill that gap top left and find true fundamental value off the top of the chart where it belongs.