hitenfibs probably best used between consecutive swing points....

hiten

fibs probably best used between consecutive swing points. while there are no rules in my book, i would probably not apply them over such a wide range.

having said that, all analysis is valid, and often fibs seem to work like fractals, where fibs within fibs will line up over a longer timeframe. i guess that's their nature, the whole spiral mathematics thing

anyhoo, i like your idea of a breakout coming, i have resistance and support now converging on my chart with a possible exit at around 35c from tomorrow.

just waiting to see confirmation before getting too excited, but i figured the desperate selling of oppies at ridiculous discount was pretty indicative of a bottom possibly forming.

am still convinced someone is going to double their money on any 10c oppies before expiry date.