NEA 0.24% $2.08 nearmap ltd

That's a great chart mate.  I know quite a few people who are...

  1. 205 Posts.
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    That's a great chart mate.  I know quite a few people who are very successful overlaying a lot of indicators and using multiple fibonnacci retracements in relation to previous highs and lows such as yourself.   I have never been sophisticated enough to deal with that sort of crowding on a chart.  I generally look for simple patterns that are high probability.  Head and shoulders, Gaps, Island reversal. 


    If I think a high is in I just do a quick excel division of the price by fib ratios for potential retracement prices.    Also just punch the date of  that potential high into excel  and extrapolate  out 45, 90, 180, 360 days into the future.   If I get a cluster of  pattern,  price and time all together these are the high probability trades I like to execute. 



 
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