Thursday, January 30, 2014 10:12:36 AM
FIBs retracement "Rule of Thumb"
First retracement bounce from 38% expect previous high being taken out. From 50% previous high should be reached. At 61% expect 38% and first bounce from below 61% expect 38%.
It bounced from below 61% and has reached target. The flag pattern is thus very weak and should not be expected to reach .012 target.
First retracement bounce from 38% expect previous high being taken out. From 50% previous high should be reached. At 61% expect 38% and first bounce from below 61% expect 38%.
It bounced from below 61% and has reached target. The flag pattern is thus very weak and should not be expected to reach .012 target.
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