very interesting chart...
two phases of Fibonaccis here
=============================================================
Phase 1 - COMPLETED in BLUE above
Low 1.6c
High - 3.6c
Retraced to 2.9c (38.2% fib level C)
Extension - 4.8c (Fib level D)
==========================================================
Phase 2- in progress (RED in the chart above)
Low - 2.9c
HIGH 4.8c
Retraced to 3.7c (Fib 61.8% - Point C)
HIGH - should see anything ABOVE 5.2c ==> 9.7c as per the last column "EXTENSIONS"
===============================================================
Hope this helps...
very interesting chart... [ATTACH] two phases of Fibonaccis here...
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13.0¢ |
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|---|---|---|
| 13.5¢ | 298008 | 6 |
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