TPT Global Tech Inc (TPTW): TPTW $0.0501 - Targets $0.09 / $0.12...

Replies (1) Next 10 Prev Next

Send PM Follow Ignore

Followers	6458
Posts	164270
Boards Moderated	5
Alias Born	06/04/2009

trader53

Re: trader53 post# 55327

Wednesday, 08/05/2020 4:21:01 AM

Wednesday, August 05, 2020 4:21:01 AM

TPTW $0.0501 - Targets $0.09 / $0.12

How Targets are Calculated

Fibonacci Numbers and Retrace Targets: Explained

________________________________________________________________

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

________________________________________________________________

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.

________________________________________________________________

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.

________________________________________________________________