Correction. I overlaid the old chart's fib retracement incorrectly... This one is fixed.
I took the fibonacci level pattern taken from the historical rally and scaled/applied it to the current rally to determine the target. From my determination our target is .00029 to complete the pattern. Woot!
I had to adjust the % of the top of the chart to make it fit... the visual is adjusted accordingly but the numbers should be accurate.
If the historical pattern holds then the top will be at the 100% fib level which is about .00029.
I took the fibonacci level pattern taken from the historical rally and scaled/applied it to the current rally to determine the target. From my determination our target is .00029 to complete the pattern. Woot!
I had to adjust the % of the top of the chart to make it fit... the visual is adjusted accordingly but the numbers should be accurate.
If the historical pattern holds then the top will be at the 100% fib level which is about .00029.
Comment:
Comment:
Above chart is updated with 15 minute candles. Much easier to see the pattern I describe with this. My bad.