Tuesday, May 20, 2014 1:46:57 PM
NIOBF
I've had NIOBF on watch for flag top resistance break for weeks. Like the gap above, but want more volume interest to get into that the gap fill area.
Ps; the FIBs rule worked again.
The more you see something happen the more you can rely on it!
Rule: If 1st retrace bounce comes from 38% or above expect top resistance broken, from 50% expect top resistance reached, from 61% expect 38% bounce and below 61% should see 50%.
Bounced at 61% to 38% first bounce.
I've had NIOBF on watch for flag top resistance break for weeks. Like the gap above, but want more volume interest to get into that the gap fill area.
Ps; the FIBs rule worked again.
The more you see something happen the more you can rely on it!
Rule: If 1st retrace bounce comes from 38% or above expect top resistance broken, from 50% expect top resistance reached, from 61% expect 38% bounce and below 61% should see 50%.
Bounced at 61% to 38% first bounce.
Welcome to my mind!
Success to all
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