I just checked that old chart it looks like i was right finally see !! :)
Many won't agree with me but I i predict the price could come back closer to that big red line you see on top of this chart :) in the next few days (i don't think it 's going to touch it though
"I hate to be that guy, but "
no on the contrary ! thanks a lot for making me notice my "mistake" (even though as you say it doesn't really make my graph wrong^^). I'll be more careful next time ^^ gosh , let's say i was tired that day:)
I hate to be that guy, but isn't your fib retracement backwards? The price touching what should be 0 doesn't matter for retracing a probable decline. The price not being able to break the 8/31 high is important. But you'd only want to set 1.0 to that high if you were trying to project a continuation or new up trend to the 1.61 or 1.28 (or 1.382).
No the green line is something "different" let's say it's not as important as the red or the blue ones for example . The green line can say things, but we also have to listen to what the other elements are telling us. I am talking about elements based on the chart and of numbers of the present and the past of course not about news, rumors, informations that are written anywhere else and that i never take into considerations.