E.Anagnostou

Gold/U.S Dollar.Numbers tell the truth....(?????)

FX:XAUUSD   Gold / U.S. Dollar
74 2 0
Hello.
1st Resistant at fibo 0%
2nd Resistant at fibo 23.6%
3rd Resistant at fibo 38.2%
4th Resistant at fibo 50%

231 bars / 140 bars =1.65
140 bars / 83 bars =1.69

1.69-1.65=0.04
Then in propotion 83 bars / X bars =1.69 + 0.04=1.73 =>X=48 bars

But in 48 bars we should have a lower high than the previous and that we have is a low spot.
If we assume that numbers tell the truth the only way to be this low spot a NEW high is when we enter a new decline stage with lower highs in a downtrend rallie.
Did numbers tell the truth????
Do you believe in numbers??
We will see.
Thanks and good trades.






it make no sense. that 4 periods gave us 4 resistance and now we shoud have 5th resistance but i dont see it.
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E.Anagnostou szczeepan
Thats the point.The results(from these numbers) show us that we will not have 5th resistance and we have enter a decline stage (downtrend).Of course i have make the assumption that the resistance levels move in an almost fixed propotion(1.65, 1.69,1,73).If the assumption is wrong then my analysis is wrong.
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