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Saturday, June 27, 2020 3:35:36 PM

Re: trader53 post# 24866

Post# of 88951
OPTI - Targets $0.040 / $0.060


How Targets are Calculated

Fibonacci Numbers and Retrace Targets: Explained




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Fibonacci Numbers

http://www.stockta.com/cgi-bin/school.pl?page=fib

Fibonacci Retracements

* Golden 61.8% Retracements

* Moderate 38.2% Retracements

* Common 38.2% Retracements


Fibonacci Retracements

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_retracemen


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Fibonacci Numbers
are commonly used in Technical Analysis
with or without a knowledge of Elliot Wave Analysis
to determine potential support, resistance,
and price objectives.

The most popular Fibonacci Retracements are
61.8% and 38.2%



61.8% retracements
imply a new trend is establishing itself.

38.2% retracements
usually imply that the prior trend will continue

38.2% retracements
are considered natural retracements in a healthy trend.

Fibonacci Retracements
can be applied after a decline
to forecast the length of a counter-trend bounce.


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The 50% retracement is not based on a Fibonacci number.
Instead, this number stems from Dow Theory's assertion
that the Averages often retrace half their prior move.

50% retracement
implies indecision.

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Buy after an Elliott Wave 5-Wave Decline

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156562691










_________________________________________________________________







________________________________________________________________



Buy after an Elliott Wave 5-Wave Decline

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156562691







Live! Chart





________________________________________________________________



Buy after an Elliott Wave 5-Wave Decline

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156562691







Live! Charts




________________________________________________________________


Buy after an Elliott Wave 5-Wave Decline

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=156562691







Live! Charts




________________________________________________________________






Recent OPTI News

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