I decided to have a go at a Fiboncacci retracement to have it ripped apart by some TA Professionals.
Having bounced off of the 0.618 line more than 3 times now I predict that this a pretty strong resistance and the we will test 940 before we test 872 again.
I'd be very happy if you could point out some flaws in my prediction or errors in my placement in general! Thank you!
Comments
flibbr
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u can also fib from the 583 to 1240 which again gives so pretty accurate support / resistance lines to work from
liw1
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Thanks, I'm currently looking at them and I think I'll set my T2 at around 985.