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Tellin_Fibs

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Tellin_Fibs

Re: None

Friday, 10/31/2014 4:23:42 AM

Friday, October 31, 2014 4:23:42 AM

Post# of 2804248
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Speed resistance lines are similar in interpretation to the Fibonacci Fan indicator. Many traders will watch for a move below the two-thirds level to signal a continued retracement toward the one-third level. It is important to remember that other technical indicators should be used when the price of the asset is near the trendline to confirm the strength of the predicted support/resistance.
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